Mail2000 bought by UPS
UPS venture capital arm bought whole of Mail2000 after split from TPG. UPS will now indirectly be sorting USPS mail for them.
Read MoreTag: UPS
FedEx, UPS Join Forces to Stave Off Foreign Push Into U.S. Delivery Market
FedEx Corp. and United Parcel Service Inc., usually each other’s most hated rival, have found something they’re willing to bury the hatchet over: the German post office. Convinced that Deutsche Post AG is gearing up for a North American invasion, the two U.S. delivery giants are joining forces in hopes of proving that a delivery blitz would be bad for America.
Read MoreTriply Whammy – rate hikes from all three major carriers
US Postal Service had average increase of 4.6% on 1/7/01, but mailers face 4.9% increase from FedEx and 3.7% hike from United Parcel Service
Read MoreUnited Parcel Service beats EPS estimates for Q4, 2000
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 MorePostal dinosaur cringes from competition in the mail – China Post
China Post’s deep-seated antagonism towards competition is standing
in the way of the bureau’s tremendous need to get out of debt
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