Tag: North America

Postal woes need action

Posted by | May 14, 2001 | |

The U.S. Postal Service is in trouble. The advertising and publishing industries that depend on it are publicly fed up, and rates are set to increase for the second time this year. With the future looking like more of the same, the clamor is building-and rightly so-for Congress to take action. If shouting alone were enough to get attention in Washington, the din last week easily could be heard up and down Pennsylvania Avenue. The Postal Service Board of Governors complained about the independent Postal Rate Commission, which it said made the coming July 1 rate hikes necessary by ignoring Postal Service revenue needs. The Magazine Publishers of America and Direct Marketing Association lambasted the Postal Service for not being able to control its costs.

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DOT Supports Package Deliverer DHL

Posted by | May 11, 2001 | |

The Transportation Department on Friday rejected efforts by FedEx Corp. and United Parcel Service to strip competitor DHL Worldwide Express and DHL Airways of the licenses they need to deliver packages in the United States.

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Kelly: UPS will meet estimates

Posted by | May 11, 2001 | |

Jim Kelly, the chief executive of United Parcel Service Inc., said Friday that business conditions have shown some signs of stabilizing and UPS should be able to meet lowered earnings targets for the second quarter.

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FedEx: More alliances, less spending

Posted by | May 10, 2001 | |

Government reports that the U.S. economy grew by 2% in the first quarter of this year are misleading because 1.75% of that growth came from lower imports, according to Frederick Smith, chairman and chief executive of Federal Express Corp. Speaking at the Global Transport and Logistics Conference sponsored by Bear Stearns, Smith predicted that the gross domestic product figure would be revised downward. Smith attributed the downturn in FedEx volumes thus far to a slowdown in high tech, which accounts for a major share of FedEx’s business.

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