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Postal Service Stats Put FedEx, UPS at
Risk
"The number of parcels and packages that postal workers are
toting around the country has declined sharply, according to
government statistics, opening the prospect of fresh liabilities
for the U.S. Postal Service's private-enterprise rivals,
analysts said. According to the data, challenging economic
conditions, the end of stimulus checks, and inflation in fuel
prices have contributed to a pronounced selloff in package
deliveries. Express mail shipments fell 14% in the quarter that
ended in June.
The pullback could have direct implications for FedEx ,
which has made as much as $1.2 billion a year flying priority
mail packages for the USPS. But there are threats to the
franchises of FedEx as well as United Parcel Service (UPS)
simply from industry pressures."
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California Letter carrier loses leg after on-duty crash
Vallejo letter carrier remained in
serious but stable condition in an area hospital Tuesday, 10
days after an on-duty crash cost him a leg, hospital and postal
officials said. Manolo Colon of Brentwood said he's been
unconscious for most of the time he's been in Walnut Creek's
John Muir Medical Center, but was "doing a lot better" Tuesday.
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