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Stock impact report

Postal Service plans to ‘open up the last mile' for more shippers [Yahoo! Finance]

United Parcel Service, Inc. (UPS) 
Last united parcel service, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.ups.com
Company Research Source: Yahoo! Finance
Dive Brief: The U.S. Postal Service aims to "better utilize and monetize" its first-mile and last-mile capabilities through expanded services for both small and large shippers, Postmaster General and CEO David Steiner said in a board of governors meeting Friday. Steiner said ongoing negotiations with UPS to assist with Ground Saver deliveries is an example of this push. He added that the Postal Service is "also in talks with similarly situated companies for expanded last-mile service." The Postmaster General said the agency wants to "open up the last mile" for same-day and next-day delivery services for retailers, as well. "We've begun discussions with a number of retailers, and the desire for fast, reliable and affordable delivery is certainly strong among all retailers," he said. Dive Insight: While light on details, Steiner's comments signal a new phase in the financially ailing agency's push to compete with FedEx and UPS and drive more revenue. They also suggest a shift Show less Read more
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