Pitney Bowes Inc. agreed Thursday to acquire PSI Group Inc., which prepares, sorts and organizes mail to earn postal discounts and expedite delivery for its customers, for $130 million. PSI will become a wholly owned subsidiary of Pitney Bowes, continuing to operate under its current management.
Read MoreAirborne Inc today announced it has assumed operations of its former service partner in France, Pagtrans SA, effective immediately. The new company will operate as Airborne Express France. “This acquisition increases Airborne’s presence in France, enhancing service for our valued customers throughout Europe,” said Bruce Grout, Senior Vice President, International Services.
Read MoreShares in Federal Express fell almost 11 per cent in early New York trading yesterday, after the world’s largest express package company said first-quarter earnings would miss Wall Street forecasts, even though fourth-quarter earnings more than doubled.
Read MoreArticle by Cary Baer of DMA USA on USPS and the universal service obligation
Read MoreMail Boxes Etc. (MBE), the world’s largest franchisor of retail postal, shipping and business services, today announced that it has expanded its network of franchised centers to 1,000 international and more than 3,500 in the United States. This milestone was reached with the opening of an MBE center in Berlin – the first in Germany.
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