Some say Airborne (ABF ) is the third horse in a two-horse race between United Parcel Service and FedEx. Indeed, as No. 3 in the express delivery business, Airborne is way behind: In 2000, Airborne’s sales were $3.3 billion, vs. $29.7 billion at UPS and $18.2 billion at FedEx. But that could change: Air-cargo sources whisper that Germany’s DHL Worldwide Express has held informal talks with Airborne about acquiring a minority stake.
Read MoreUSPS needs to be “corporatized”
Read MoreFedEx Express Tuesday began the installation of more than 700 self-service drop boxes at post offices in Washington D.C., Chicago, Philadelphia, and Trenton, N.J. An additional 32 cities will be added by the end of July.
Read MoreUS Postal Service to generate revenues from software that monitors suspicious financial transactions and monitors employee compliance with reporting requirements
Read MoreFedEx has introduced a programme for cost reductions, parts of which have already been put into practice.
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