Tag: USA

UPS to drop Fritz brand

Posted by | Jun 13, 2002 | |

Another venerable name in the transportation industry will disappear on July 1.
United Parcel Service plans to drop the Fritz Cos. name on that date when “all entities that comprise (UPS) Freight Services will begin operating under the UPS Freight Services name,” UPS Chief Financial Officer Scott Davis told a Merrill Lynch transportation conference Thursday. The only exceptions will be in some overseas markets where it’s required to keep using the Fritz name for legal, contractual or regulatory reasons, said spokesman John Flick.
UPS acquired San Francisco-based Fritz, one of the nation’s oldest customs brokers, for $456 million in stock in June of 2001.

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FedEx web site offers customers new option

Posted by | Jun 11, 2002 | |

FedEx Corp., the largest overnight shipping company, introduced an Internet service to calculate foreign taxes, duties and other charges to try to lure more international shipments.
The service will let shippers avoid estimating the charges manually for 42 countries, spokesman Jesse Bunn said. Customers who don’t have to ship through FedEx pay $5 for each transaction by using the option at fedex.com, the company said. Discounts are offered for frequent shipments.

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FedEx sees ground unit continue growing

Posted by | Jun 10, 2002 | |

FedEx Corp said its ground shipping unit will grow for ‘a long time to come’ as businesses shift to the lower-cost delivery option and the company expands its coverage to all US addresses this year.

FedEx chairman Fred Smith also said business activity is picking up in Asia, where many US technology companies have their manufacturing facilities, as well as in Europe and the US.

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Postal hikes force direct cutbacks

Posted by | Jun 10, 2002 | |

While neither rain nor sleet will keep postal carriers from their appointed rounds, they may soon carry significantly less direct mail on those routes.
Consider this: 3 billion pieces of standard business mail will vanish in 2002, according to the Direct Marketing Association. Direct marketers, who rely heavily on the U. S. Postal Service, are changing their tactics and finding alternatives to the U.S. mail, largely as a result of frequent rate increases.

To cope with the USPS rate hikes—the latest of which goes into effect on June 30—some marketers are decreasing their direct mail budgets, conducting smaller, more targeted mailings and using alternative media such as e-mail to acquire and retain customers. Marketers have already cut back significantly on their direct mail efforts.

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