United Parcel Service Inc. on Tuesday reported fourth-quarter net income of $724 million, or 63 cents per share, up from earnings of $661 million, or 56c per share, in the fourth quarter of 1999.
Read MoreTibbett and Britten win US logistics business
Read MoreJanuary 27, 2001 — According to the Cato Institute’s Edward Hudgins, “a privatized U.S. Postal Service, even subject to the same tax and regulatory regime of the private sector, would certainly be able to integrate much more efficiently into the new economy.” “A private U.S. Postal Service,” he said, “could act as an entrepreneur facilitating economic growth rather than as a government monopoly seeking to cripple competitors and acting as a ball and chain on the leg of the economy.”
Read MoreFedEx Corp. (NYSE:FDX – news) and United Parcel Service Inc. (NYSE:UPS – news), two longtime rivals in the delivery business, have asked the U.S. government to suspend the flights and freight-forwarding operations of DHL Worldwide Express after Deutsche Post AG took a stake in the company
Read MoreUPS Denies Rumours of Emery Purchase
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