UPFRONT

RRD to Sell Package Logistics

CHICAGO—RR Donnelley has reached an agreement to sell its package logistics business to Heritage Partners, a Boston-based private equity firm that is the principal owner of American Package Express. Under terms of the agreement, Donnelley will receive cash in exchange for the assets and liabilities of its package logistics business, which includes CTC Direct, a wholly owned subsidiary. The deal, which is expected to close by the end of the third quarter 2004, does not affect Donnelley's print logistics, fulfillment or distribution operations.