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Justice Dept. reviews USPS-FedEx deal
Article Abstract:
FedEx Express and the US Postal Service have entered into a $6.3-billion alliance which is being reviewed by the Justice Dept. The deal is based on air transportation and retail business agreements. Under the alliance, the USPS will buy space on FedEx airplanes to transport Express Mail, First- Class mail and Priority Mail and FedEx will locate overnight service collection boxes at post offices nationwide. The alliance is expected to save USPS $1 billion annually and hold down future rate increases. However, the main competitor to the partnership, United Parcel Service, views the plans to have public policy and antitrust implications.
author: Campanelli, Melissa
Publisher: Haymarket Media, Inc.
Publication Name: DM News
Subject: Construction and materials industries
ISSN: 0194-3588
Year: 2001
This review by the Justice dept went nowhere because of the USPS immunity, as a branch of the government, against antitrust issues. And as we all know it has not prevented "future rate increases" by the USPS. I think the cost of postage has gone up twice since '01