New research by Congress’ watchdog now says that the post office’s tracking system for measuring on-time delivery is so unreliable that there’s no way to know how late the mail really is.
Everyone understands its basic problem. The electronic age has pushed first-class mail into an unstoppable decline. To stay afloat, the post office needs to get its costs under control, by closing post offices, eliminating Saturday delivery, downsizing its workforce. To boost revenue, it could offer banking services and sell lots of stuff besides stamps.
But with three Congresses in a row failing to pass legislation to help stabilize its finances, some lawmakers and policy experts have reached the consensus that it’s time for the government to sell the post office.
The breakthrough deal represents nearly 40 percent of global GDP from the Americas to Asia. The agreement aims to establish the rules of trade for the 21st century and based on early summaries provided to stakeholders, it encourages good regulatory practices, promotes transparency, and addresses discriminatory practices between state-owned and state-supported entities that compete with the private sector.
“Each day, UPS alone handles six percent of U.S. GDP and two percent of global GDP. TPP will help UPS customers across multiple sectors by bringing down tariffs, accelerating the release of goods through customs, and supporting the participation of small businesses in regional and global supply chains,” Abney continued.
E-commerce continues to accelerate in the automotive aftermarket industry. New research shows that 56% of online automotive parts and accessories shoppers are making their purchases online – an 8% increase over the previous year. The study also indicates that consumers are combining online and in-store channels for an omnichannel shopping experience. Omnichannel is when shoppers seamlessly shift between mobile, online and in-store resources to research, purchase, pick up and return their items.
The findings are from the annual UPS (NYSE:UPS) “What’s Driving the Automotive Parts Online Shopper” study.
Recently, UPS made news by acquiring Coyote Logistics for a reported $1.8 billion. Coyote Logistics is a full-scale service provider that offers transportation and logistics services to more than 12,000 customers across a wide range of industries. This acquisition aims to strengthen UPS’ business while eliminating a competitor. However, there are always specific reasons why a multinational will acquire another for more than $1 billion.