The U.S. Postal Service is moving forward on its proposal to offer customers two Priority Mail Flat-Rate Box options. In a filing with the Postal Rate Commission, the Postal Service is seeking approval of the Flat-Rate Box proposal, which if approved, will reinforce the Postal Service’s commitment to meeting customers’ needs for simplicity and convenience when sending packages.
Read MoreDHL Worldwide Express will launch the Express pallet service that is cheaper than the current one. The new service will use pallets for moving parcels, thus making the transport and delivery of goods easier. A parcel can have a total weight of 150 kilos instead of the current 50 kilos, which can help save on money and time for businesses. The service targets textile, garment and footwear producers in Vietnam.
Read MoreFedEx Corporation has announced that it expects to report earnings of USD1.36 per diluted share for the fourth quarter ended May 31 including business realignment costs and a USD0.04 per diluted share benefit from a non-recurring reduction in the effective income tax rate. This compares to USD0.92 per diluted share a year ago. Results before business realignment costs were USD1.37 per diluted share, which compares with earlier guidance of USD1.20 to USD1.30 per diluted share.
Read MoreLockheed Martin Corp. of Bethesda, Md., won a USD33 million contract from the U.S. Postal Service to introduce address recognition capability earlier in the mail processing cycle. Doing so will help the postal service deliver mail faster, according to Lockheed Martin officials.
Lockheed Martin will upgrade remote computer reader machines at 350 U.S. postal centers to provide greater sort capability on 1,086 advanced facer canceller systems.
Read MoreFedEx Express unit received a contract to handle guaranteed international deliveries for the U.S. Postal Service, a deal that was previously held by DHL Worldwide Express.
Financial terms weren’t disclosed when the contract was announced Tuesday.
“We evaluated a number of international delivery providers and the review showed that FedEx offers the best combination of price, service, brand recognition and cost/network efficiencies,” said Postal Service chief marketing officer Anita Bizzotto.
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