US FedEx chief urges federal reforms
FedEx 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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