The Post Office grew revenues 2 percent in the third fiscal quarter of 2014, raking in $16.5 billion in operating revenue. (Hurray!) But it still managed to lose $2 billion on its business. (Boo!) So what’s the real story with the United States Postal Service? Is business booming, or is the Post Office going bust?…
USPS is increasingly moving packages for its competitors, according to newly published numbers that underscore the Postal Service’s unique delivery capabilities. For years, United Parcel Service (UPS) and FedEx have paid USPS to deliver some packages, especially for customers in rural areas. The companies are now turning to the Postal Service more frequently, the Wall…
Staples-U.S. Postal Service deal would’ve been good for all parties, including customers Staples has been really struggling as of late, as have all office supply stores. The superstore concept is starting to fail in the face of competition from stores like Dollar Tree, Walmart and Amazon, not to mention Uline. Staples management had a great…
ROCKY RIVER, Ohio — The Rocky River Municipal Court is changing the way it mails court documents, saying it believes commercial carriers offer more dependable service than the U.S. Postal Service. The court will begin using FedEx Signature Service to deliver court documents within the next 30 days, Clerk of Courts Deborah Comery said Wednesday….
In a move aimed at expediting its promise of Sunday delivery via the U.S. Postal Service, Amazon has announced plans to open 15 specialized sortation centers this year, which gets packages to nearby USPS offices for last-mile service. The move is also seen by experts as part of Amazon’s larger plans to own more of…
FedEx Corp. and United Parcel Service Inc increasingly are moving their own packages through the U.S. Postal Service, putting pressure on the quasigovernmental agency and raising questions about whether the USPS is charging enough for the service. For FedEx alone, the post office delivers an average of 2.2 million packages a day, or about 30%…
Tuesday’s earnings report from United Parcel Service Inc. (NYSE: UPS) disappointed investors, not because the package delivery service missed estimates but because the company expects to invest more money to help it avoid the problems it had delivering packages during the past holiday season. Companies that invest in the future at the expense of paying…
Dim weight. Sounds like something you might call your not-so-smart cousin. It’s actually a way to price parcels based primarily on how much space they take up during transport and delivery. FedEx is the first major carrier to announce plans to charge prices based on the dimensional weight of all its ground shipments. Retailers and…
