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  September 5, 2001
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Home > Company Index > Conglomerates > Conglomerates > The Pittston Company

The Pittston Company
NYSE: PZB
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 PROFILE
The pits are no longer in The Pittston Company's future -- it's exiting coal mining. Pittston's active operations include freight transportation and logistics, security services, and mineral production. The company's BAX Global subsidiary (which accounts for more than half of Pittston's revenues) delivers overnight and second-day freight in more than 120 countries. Pittston's Brink's unit operates armored trucks, and Brink's Home Security sells home security services in the US and Canada. Pittston explores for gold and other base metals in Australia and North America; the company also has timber and natural gas operations. Pittston has discontinued and plans to sell its struggling coal mining business.

 COMPETITION
Burns International Services Corporation (dossier)
FedEx Corporation (FDX)
United Parcel Service, Inc. (UPS)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 3,834.10
1-Yr. Sales Growth: (6.2)%
Employees: 49,400
Revenue per employee: $77,613.36

 KEY PEOPLE
• Michael T. Dan
    CEO
• Robert T. Ritter
    CFO

 CONTACT INFO
1801 Bayberry Ct.
Richmond, VA 23226
US
Phone: 804-289-9600
Fax: 804-289-9770
Online: Web Site

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