Praxair Inc., a supplier of industrial gases, has named Danzas North America the primary provider of transportation services for U.S. exports. “This agreement meets Praxair’s needs of capability and cost and gives us the capacity to grow our volume,” said Pete Mayer, Praxair’s Vice President of Global Procurement and Materials Management.
Read MoreUnited Parcel Service wrapped up negotiations on a new contract with the International Brotherhood of Teamsters when it reached agreement Sunday evening with a union local in Chicago representing 7,500 UPS workers there.
Frank Wsol, secretary-treasurer of Teamsters Local 710, said the basic financial package mirrors the national agreement reached by the Teamsters and UPS on July 16, but that the local agreement also includes significant pension improvements.
Wsol said he expects ballots will be mailed out in about six weeks to members of Local 710 employed by UPS. Earlier last week, Local 705 in Chicago, representing 13,000 UPS employees, also settled with the company.
The agreement followed 14 hours of negotiations on Saturday and a full day of talks on Sunday, Wsol said.
Airborne Express managed to make a small profit of $457,000 in the second quarter despite falling volumes in its core overnight express product. Airborne made good strides with its newly introduced Ground Delivery Service product that now makes up about 10 percent of the domestic volume.
Airborne has been slashing costs and restructuring itself into a leaner and more productive competitor. Already the low-cost provider of the bunch, Airborne eliminated $84 million in operating expenses in the first six months of the year alone.
The Economist had shown the way. With a combination of marketing flair and editorial élan, it had quintupled its North American US circulation to about 275,000 copies a week since the early ‘80s. Funny spelling and a London HQ did not, it seemed, spell death to a publisher in the American market.
In the summer of 1996, a small group of Financial Times managers led by the then chief executive Stephen Hill, looked at these Economist numbers jealously. The FT’s international sales were doing well, especially in continental Europe, but the UK was sluggish. If the newspaper wanted to grow really rapidly, there was only one place to go.
As Spring, the international jv between TPG, Consignia (Roayl Mail) and Singapore Post, seeks an annual growth rate of between 8% to 10% it is targeting large companies such a banks, insurance, mail-order and publishing companies which individually post significant amounts of largely identiacl international mail.
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