Tag: USA

Pitney Bowes says ‘Snail mail’ is here to stay

Posted by | Jul 18, 2004 | |

To the casual observer, “snail mail” is doomed. Bills can be paid with a mouse click. Photographs, even lengthy PowerPoint presentations, arrive instantly by e-mail. But Pitney Bowes (PBI) doesn’t believe it. It is in the mail business, and revenue rose 18% from 2000 to 2003. The company ranks No. 383 on the Fortune 500, and its stock is up 14% during the past 12 months. Pitney Bowes is the world’s largest maker of postage meters. It also goes on site at companies to operate mailrooms. It has contracts with the largest mass mailers, performing everything from envelope stuffing to using sophisticated software that keeps mailing lists accurate. Pitney Bowes CEO Michael Critelli, 55, talked with USA TODAY corporate management reporter Del Jones and warned businesses that they will lose opportunity if they believe snail mail is in its last stages

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US FedEx to open 70 new Kinko’s in 2005

Posted by | Jul 16, 2004 | |

FedEx has said it will open 70 new locations for its Kinko’s division in the fiscal year ending in May 2005.

The package shipping giant also said in its annual report to the Securities and Exchange Commission that it expects to spend USD20 million on rebranding the new division as FedEx Kinko’s Office and Print Centers. FedEx bought the Kinko’s copy shop chain of 1,200 stores in February for USD2.4 billion, making it the fourth major division of the parent company.

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US Commercial Service and FedEx launch initiative to promote small-business exports

Posted by | Jul 15, 2004 | |

The Commerce Department’s U.S. Commercial Service has announced the participation of FedEx in a new initiative to provide ongoing support to Commercial Service efforts aimed at boosting exports from U.S. small and medium-size businesses. The agreement promotes exporting through cooperative public-private sector export tools and resources. The agreement includes linking of the BuyUSA.com and FedEx Web sites. In addition, the U.S. Commercial Service and FedEx program may include other activities like joint export promotion seminars for U.S. small and medium business, sales force training, and direct marketing campaigns.

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FedEx, UPS target same US customers, but tactics diverge

Posted by | Jul 13, 2004 | |

UPS and FedEx are going after the same road warriors, telecommuters and home office workers — but their methods are surprisingly different.

FedEx bought Kinko’s this year and plans to spend USD20 million “rebranding” its 1,256 stores with TV spots that began this month proclaiming, “Our office is your office.” UPS, which absorbed Mail Boxes Etc. two years ago, is hunting retail customers, too. But it’s using its 3,400 UPS Stores as a hook for large corporate customers to distribute high-tech parts to field technicians or collect laptop computers or cell phones in need of repairs.

Retail package shipments are vital to both companies because infrequent shippers pay higher prices. “Both companies want high-margin retail customers,” said Greg Burns, transportation analyst at J.P. Morgan Chase. “The goal is the same. But the execution is different.”

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