UPS quarterly profit hurt by market share loss
United Parcel Service Inc. on Thursday reported a slim increase in its quarterly profit as U.S. package volume dropped sharply, increasing concerns of market share losses to rivals such as FedEx Corp.
Reuters
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Two rate cases?
Postcom's Gene Del Polito relays a rumor that the USPS will initiate an across the board 6% rate increase request in March 'with an eye toward moving the case to settlement' followed by an additional 5% increase to be filed in 2006. The Alliance of Nonprofit Mailers tells a similar tale.
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UPS looks beyond rocky Q4 operations
'UPS will have some explaining to do when it releases its fourth-quarter earnings Thursday. The Atlanta-based package delivery giant cut its forecast two weeks ago, citing weather issues and sluggish demand in the last week of the year. The explanation left analysts unconvinced.'
MarketWatch
Earnings webcast scheduled for today at 10 AM EST via Yahoo Finance.
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Wednesday, January 26
Stop the US Mail!
'...the best reason for ending the postal monopoly: to make home package delivery cheaper. ... it's no secret that UPS and FedEx hate delivering to our homes, because of the time it takes to get out of the truck and ring the bell. The penalty is staggering - residential deliveries often cost 10 to 20 percent more than those for businesses. Allowing these package humpers to carry first- and third-class mail would make this "suburban tax" disappear.'
Wired
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The Mail Handler - Winter 2005
The latest issue of the Mailhandlers Union magazine is available online, with articles on postal reform, a new Contract Interpretation Manual, and more.
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Rumors from Postcom.org
- 'the USPS is looking at filing a six percent (6%) average postal rate increase request with the Postal Rate Commission some time in March'
- 'when USPS senior vice president for operations John Rapp retires, his vacant position will be going unfilled'
- if the USPS gets back its overfunding of its CSRS retirement obligation, it 'may not have to raise postal rates before January 2007'
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Neither war nor sandstorms
Send a letter to California, and a tornado in Oklahoma or a traffic jam in Los Angeles could hold it up a day or two. Send mail to Iraq and, well, 'sometimes unexpected things happen.'
Knoxville News Sentinel
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University of Phoenix partners with USPS
USPS link online
Note: In September, the University of Phoenix, a for profit company, paid the US Department of Education a $9.8 million fine, "the largest of its kind", for "hard sell recruiting tactics" that the Department said "range from illegal to unethical" click here for more from the Arizona Republic.
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Corporate America Pays Bush's Inaugural Party Bill
'Rival express deliverers, FedEx Corp. and UPS Inc., each donated $250,000 to the inaugural committee... UPS and FedEx have strong interests in trade, security and regulatory policies, like new shipping routes, overseas competition and the overhaul of the U.S. Postal Service.'
Reuters
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Tuesday, January 18
Commentary: It's time to get involved
'This year, postal legislative reform will be among the key things on Congress' and the Administration's agenda. Some time before mid-year, the Postal Service will be filing a request before the Postal Rate Commission for new, higher rates. Washington decision-makers are begging to hear from those who 'actually pay postage' to help them understand how these developments can affect their businesses and the people they employ.
Gene Del Polito essay for DIRECT
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Latest E-NAPUS Legislative Newsletter
'The change in the [USPS] Board [of Governors]' leadership and composition places almost every star in alignment for postal reform'
NAPUS web site
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UPS Warns
UPS trimmed fourth-quarter guidance Tuesday, blaming a sharp drop in domestic shipping volume in the last week of 2004.
TheStreet.com
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Justices let stand lawsuit against gun maker
The Supreme Court declined Monday to consider dismissing a lawsuit seeking to hold gun manufacturers responsible for the 1999 shooting of a letter carrier.
Chicago Sun Times
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Deja Vu With John McHugh
also in this issue: 'Governmental Affairs Facelift' and 'Social Security Reform and FERS'
NAPUS Legislative Newsletter
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