Industry News

Freightways Reports Record Numbers for Year

Feightways Ltd., based in Auckland, New Zealand, has reported record revenues for its fiscal year, ended June 30, 2006, despite reduced growth in the express package market.

The company’s operating revenue for the year rose to $257 million, up 10 percent on the prior corresponding period. Earnings of $53.4 million before interest, tax and amortization were 6 percent ahead of the previous year.

Freightways Managing Director Dean Bracewell says, "During what was a very challenging year, Freightways has again delivered a record result. This was achieved through a continuing focus on fundamental business disciplines by a very capable and highly motivated team."

The contribution from the company’s Information Management business unit didn’t hurt either. Archive Security, Document Destruction Services and Data Security Services again increased their contributions to Freightways’ bottom line, with Archive Security, in particular, achieving significant growth. According to Freightways, the growth has brought forward plans to expand its Auckland facility in the coming fiscal year and the Wellington facility shortly thereafter.

Freightways says it expects its Information Management division to continue to show "strong growth due to increased outsourcing and the ongoing organic growth that this industry is currently experiencing."

The recent acquisition of data storage firm DataBank, with offices in Sydney and Melbourne, Australia, "was a well-considered and obviously important step in the development and growth of Freightways," Bracewell says. "It diversifies our interest both geographically and deeper into the information management market, where we have had proven success and in time will create the opportunity to develop further growth initiatives in Australasia," he says.

Nonprofit Wins National Award

Adelante Document Destruction Services, Albuquerque, N.M., has been recognized by the U.S. Department of Agriculture (USDA) for its work for the Forest Service Financial Operations Center in Albuquerque.

Adelante Document Destruction Services provides secure paper and electronic shredding for the Albuquerque-based Forest Service Financial Operations Center, which handles all of the Forest Service’s financial processing.

The company was one of only four businesses the USDA recognized nationally as a Javits-Wagner-O’Day (JWOD) Award winner.

The JWOD program provides employment opportunities to more than 45,000 people nationwide who are blind or who have other severe disabilities. Community-based, nonprofit organizations like Adelante employ individuals and provide goods and services to the federal government through the JWOD program.

Adelante Document Destruction Services is operated by Adelante Development Center, a local nonprofit agency.

Toronto to Host Privacy Academy

The International Association of Privacy Professionals (IAPP), York, Maine, is hosting its sixth annual academy on privacy issues in mid-October in Toronto.

The 2006 IAPP Privacy Academy will be Oct. 17-20 at the Westin Harbour Castle in Toronto. "Privacy professionals from across Canada and around the world will gather for four days of lively panel discussions, networking forums, working groups and featured keynotes from top policy makers and corporate leaders in the privacy industry," according to a news release from the IAPP.

The IAPP bills itself as the world’s largest association of privacy professionals, with more than 2,600 members globally. The IAPP helps define and support the privacy profession through networking, education and certification.

"The IAPP is proud to make Toronto the center of our first major international efforts," Ontario native, J. Trevor Hughes, executive director of the IAPP, says. "Leading voices from Canadian business and government will contribute their insights and expertise on Canadian privacy and security issues alongside their colleagues from across the border."

Keynote speakers for the 2006 IAPP Privacy Academy will include Canada’s Privacy Commissioner Jennifer Stoddart and Information and Privacy Commissioner of Ontario Dr. Ann Cavoukian. Dan Fortin, president of IBM-Canada, also will provide a keynote address at the event.

Workshops will also be offered on a host of hot topics, including outsourcing, privacy and wireless devices, breach notification and RFID best practices.

Toronto also will mark the debut of the Certified Information Privacy Professional/Canada (CIPP/C), a credential designed by Canadian privacy officers and offered exclusively by the IAPP. The CIPP/C is being touted as the first private-sector credentialing program in Canadian privacy. It was made possible through a founding grant from Deloitte, according to the IAPP.

Registration information for the 2006 IAPP Privacy Academy is available at www.privacyassociation.org/onference.

Landmark Services Lands Hospital Contract

Santa Ana, Calif.-based Landmark Services, in association with Goodwill of Orange County, has landed a contract with UCI Medical Center, the largest hospital in California’s Orange County.

Landmark Services collects documents from UCI twice per week and visits other clinic locations in Santa Ana, Irvine, Anaheim and Westminster weekly. The documents are then brought to the Landmark Services building for shredding and disposal.

"We are thrilled to be able to help UCI Medical Center with such a critical service," Dan Rogers, president and CEO of Goodwill of Orange County, says.

"Our contract with Landmark Services is a win-win situation," Kerby Mellott, senior director of general services for UCI Medical Center, says. "We are saving a tremendous amount of money without sacrificing high-quality service, and Goodwill can provide even more jobs and training for individuals with disabilities."

Operating as a separate and autonomous organization that provides custodial and document destruction services, Landmark Services shares Goodwill’s mission to help people with disabilities obtain training and employment.Iron Mountain
Reports for Quarter

Iron Mountain Inc., Boston, has reported that its total consolidated revenue for the quarter ended June 30, 2006, grew to $582 million, an increase of 14 percent compared to the same time last year.

Storage revenue grew 12 percent during the second quarter, and service revenue grew 15 percent compared to the same period last year.

For the quarter, Iron Mountain’s storage and service revenue internal growth rates were 11 percent and 8 percent, respectively, yielding a total internal revenue growth rate of 9 percent. The company reports that its total core storage and services revenue internal growth rate was 10 percent for the quarter.

Operating income for the second quarter of 2006 was $103 million, compared to $97 million for the second quarter of 2005. Net income for the period was $38 million, compared to $25 million for the second quarter in 2005.

For the six months ended June 30, 2006, Iron Mountain reported consolidated revenues of $1.1 billion, an increase of 13 percent, with storage revenues growing at 12 percent, and service revenues growing at 14 percent compared to the prior year.