How do you reform the U.S. Postal Service to insure it thrives and survives without stepping on too many toes? Congress knows it ain’t easy. There are many who support needed changes – for example, the two biggest U.S. express delivery companies support reform – but only as long as it doesn’t infringe on their business territories.
Read MoreAn estimated 74.9 percent of Americans, or 204.3 million out of 272.8 million measured by the 2000 Census, have access to the Internet from home, according to Nielsen//NetRatings, New York.
Read MoreDHL, Deutsche Post World Net’s express and logistics service provider, is standardizing the IT systems used by its various subsidiaries on a central information platform. This will in future enable DHL’s customers to find out even more quickly and reliably where their shipment is at the present time.
Read MoreFedEx Corporation has reported earnings of USD 0.68 per diluted share for the quarter ended February 29, including USD 0.03 per diluted share of costs associated with the previously announced business realignment through early retirement and severance programs. Excluding these costs, earnings for the third quarter were USD 0.71 per diluted share. Earnings were USD 0.49 per diluted share a year ago. “Our revenue growth accelerated, reflecting a strengthening worldwide economy and successful execution of our business strategy, highlighted by the strong performance of our FedEx International Priority(R) service” said Alan B. Graf, Jr., executive vice president and chief financial officer. “In addition, substantial cost savings from our business realignment programs at FedEx Express are resulting in meaningful improvement in our Express margins.”
Read MoreFedEx chairman Frederick W. Smith told a Senate panel looking at postal reform Thursday that it has two choices: Liquidate the Postal Service as technology encroaches on its primary business or force it to compete.
Smith, whose Memphis-based package delivery and logistics company is both in partnership and in competition with the 750,000-employee government mail-delivery giant, laid out a list of proposals aimed at improving service, adjusting Postal Service pricing structures and ending the USPS monopoly by 2008.
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