FedEx, UPS see no bounce from Post Office's move - Yahoo
The U.S. Postal Service's announcement that it plans to end Saturday mail deliveries apparently had little effect on shares of private-sector competitors FedEx and UPS.
Citi analyst Christian Wetherbee said closing some branch post offices would mean more to FedEx and UPS, because it could save them money on products that involve Postal Service delivery.
Wetherbee figures if there are fewer rural post offices, FedEx and UPS will be able to consolidate their SmartPost and SurePost shipments to fewer locations and save money.
The U.S. Postal Service's announcement that it plans to end Saturday mail deliveries apparently had little effect on shares of private-sector competitors FedEx and UPS.
Citi analyst Christian Wetherbee said closing some branch post offices would mean more to FedEx and UPS, because it could save them money on products that involve Postal Service delivery.
Wetherbee figures if there are fewer rural post offices, FedEx and UPS will be able to consolidate their SmartPost and SurePost shipments to fewer locations and save money.
