FedEx Growth Continues to Rely on USPS

Fedex-Ground-truck-square-150x150

In its 1st quarter 2013 earnings report FedEx reported that it handled over 108 million FedEx SmartPost parcels delivered by the Postal Service.  FedEx SmartPost volume grew by 17.6% on a year-to-year basis as compared to a 4.7% growth for shipments that FedEx delivers through its FedEx Ground and FedEx Home networks. Currently FedEx SmartPost generates 29.9% of the shipment volume tendered to FedEx Ground.  The USPS share of  FedEx Ground’s deliveries has increased by 2.4% over the past year and 6.3 since 2010. FedEx SmartPost’s double digit growth rate suggests that the market for USPS delivered parcels is extremely strong.   During this quarter, United Parcel Service was in at [...] Read more »

Eight Legislative Days in September: Will the House Act on the USPS?

us_congress

The House of Representatives reconvenes on Monday.   This starts a period of eight days of legislative activity before the end of the fiscal year.    This week’s floor schedule suggests that the House is unlikely to tackle any significant legislation before the end of the fiscal year.    Most of the legislation under consideration on Monday and Friday are being considered under suspension of the rules which only occurs for non-controversial bills.  The exception are four bills that will be considered under a rule on Friday. Postal stakeholders should play close attention to an un-numbered bill entitled “Continuing Appropriations Resolution, 2013.”  This is a must pass bill or the government will shut down [...] Read more »