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U.S. Mail Cutting Rates to Win E-Commerce Business
The Wall Street Journal (online registration required): The U.S. Postal Service is aggressively slashing prices to attract big e-commerce companies in time for the holidays, aiming to steal business from both FedEx Corp. and United Parcel Service Inc.
Over loud protests from its rival delivery giants, the Postal Service won approval from its regulators in August to lower prices by as much as 58% on certain Priority Mail packages for customers shipping at least 50,000 parcels a year.
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