DELIVERY SERVICE PROVIDERS CD&L, DMS PLAN MERGER

   Consolidated Delivery & Logistics Inc. and Dispatch Management Services Corp. said Monday they are in discussions to merge the two delivery services companies.
   The combined annual revenue of the companies would be $450 million.
   "We believe that by combining our two companies, we will be able to take a necessary first step in assuming a leadership role in the same-day
delivery industry," the companies said in a joint statement.
   The merger would also position the companies to better compete in
domestic and international "e-commerce" business.
   CD&L, based in Clifton, N.J., provides same-day ground and air delivery through 82 offices in 24 states and the District of Columbia. DMS Corp., based in New York, provides on-demand delivery services and point-to-point courier services in 24 U.S. metropolitan markets, as well as the United Kingdom, Australia and New Zealand.