TNT Logistics North America, one of the nation’s leading providers of value-added logistics, announced today that it has been awarded a multiyear, multimillion dollar contract to manage BMW Manufacturing Corp.’s inbound supply chain in Greer, S.C. The announcement continues a successful partnership that has existed since 1993 when BMW built its first production facility in the United States.
Read MoreAcquisitive European logistics organizations still have the North American market in their sights despite tough economic conditions and the challenges of finding suitable targets. As economic conditions improve, analysts expect merger and acquisition activity to pick up fast.
The pool of top targets is smaller after the acquisitions of the last two years or so. “Most of the prime U.S. candidates have been taken,” said Dick Armstrong of Stoughton, Wis.-based logistics management consulting firm Armstrong & Associates Inc. For buyers to come into this market “and make a dramatic impact,” they would have to go after companies the size and caliber of Schneider Logistics or Ryder System, he suggested.
Read MoreLynx Express is sending 1,000 packages a week to US homes and businesses through its new partnership with the US Postal Service (USPS).
Chief executive David Burtenshaw said he believed Lynx could attract 5% of the Europe/US market, which he estimated at £1bn ( t1.6bn), inside two years.
The four to five-day US Priority Package service is claimed to provide a “closed loop” similar to the integrators, but at around 60% of their overnight rates, said Burtenshaw.
STATEMENT OF JOHN E. POTTER,
POSTMASTER GENERAL/CEO, U.S. POSTAL SERVICE
BEFORE THE SUBCOMMITTEE ON INTERNATIONAL AFFAIRS,
PROLIFERATION AND FEDERAL SERVICES
OF THE COMMITTEE ON GOVERNMENTAL AFFAIRS
UNITED STATES SENATE
The Mailers Council, the nation’s largest coalition of mailers and mailing associations, today called on the White House to create a Presidential Commission on Postal Reform to evaluate the United States Postal Service (USPS).
In a letter to President George Bush, Mailers Council Executive Director Bob McLean notes that the USPS has found it increasingly difficult to provide universal service at an affordable price. The USPS reported a loss of $1.7 billion in 2001 and projects a deficit of $1.5 billion this fiscal year.
Annual retirement plan costs will escalate to $14 billion by 2010. The difficulties of the USPS are so severe the General Accounting Office put the agency on its High-Risk List, primarily because GAO believes billions of dollars in taxpayer money are at risk.
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