Stamps.com have provided details regarding the outcome of a study it undertook to understand the status of its net operating losses (NOLs). Based on that study, the company believes that it has not undergone an Internal Revenue Code Section 382 change of control that would trigger an impairment of the use of its NOLs since its secondary offering in December 1999.
Read MoreThe U.S. Postal Service is withdrawing a notice in the Federal Register because its wording suggests that a plan to identify senders of bulk mail is the first step to identifying the senders of all mail. Stephen M. Kearney, vice president of pricing and classification for the Postal Service, said the notice “has caused misunderstanding in some quarters. Sender-Identified Mail: Enhanced Requirement for Discount Rate Mailings, a notice intended to clarify business customer information, will be reissued,” Mr. Kearney said in a statement.
Read MoreUPS expects to grow significantly next year and into the future because of a strategy of building capabilities to synchronize global commerce, company executives said. It is doing so by streamlining its domestic operations, extending the reach of its highly integrated international network and expanding its capability to manage complex supply chains. Earnings in 2004 should grow between 12-to-18%. By 2007, when UPS celebrates its 100th anniversary, all three of its operating segments should be delivering profit margins over 15%, said UPS Chief Financial Officer Scott Davis.
Read MoreUnited Parcel Service is to introduce a customised service combining its ground delivery service with the US Postal Service’s Parcel Select.
UPS will use Parcel Select for deliveries up to five pounds, primarily to rural or super-rural areas. After moving these packages through its ground network, UPS will identify those for delivery to the rural areas and hand them over to the local post office for final delivery.
Industry insiders have suggested that FedEx might announce a similar partnership soon.
Read MoreUnited Parcel Service will offer a customized service that combines its ground delivery service with the U.S. Postal Service’s Parcel Select, possibly resulting in lower rates for mailers using UPS.
UPS will use Parcel Select for deliveries up to five pounds, primarily to rural or super-rural areas. Customers will give their packages to UPS, which will move them through its ground network. UPS will separate out the packages that are to be delivered to the rural areas and turn them over to the local post office for final delivery.
Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.
