Word: postalization
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...move will throw open the tightly controlled Japanese telecommunications industry to foreign companies. Said Harry Edelson, managing partner of Edelson Technology, a venture-capital firm: "It's equivalent to opening up the U.S. postal system to competition." Japanese and foreign firms will be able to sell products and services that until now have been the exclusive province of NTT. Corporate powerhouses like the Japan Highway Public Corp. (1983 sales: $2.9 billion) already plan to offer long-distance services. Kyocera, an electronic-products company, intends to build microwave transmission systems...
Since the U.S. Post Office Department became the semiautonomous U.S. Postal Service in 1971, the cost of mailing a first-class letter has gone up about a penny a year. Right on schedule, the service announced last week that a one-ounce letter, which has cost 200 since November 1981, will require a 220 stamp starting next February. The cost of sending postcards will go from 130 to 140, second-class mail like magazines will rise 14.2%, bulk-rate third-class 13.8%, and parcel post...
...costs have overtaken our revenues," said Postal Service Board Chairman John McKean. Despite mechanization and the automation of mail sorting, the service has barely managed to keep up with an explosion in the volume of material it handles. The Post Office now needs only 702,000 employees to deliver 131 billion pieces of mail per year, 39,000 fewer than in 1970 when it processed 85 billion pieces. But the average annual pay and benefits for postal workers have gone up from $8,878 to $28,416 in the past 14 years. Even though the USPS made a $1.5 billion...
...this summer. Many of the rivals have copied Federal's formula. In 1981, Emery built a $60 million hub in Dayton and assembled a fleet of 67 planes. Airborne constructed its hub at an abandoned Strategic Air Command base in Wilmington, Ohio. The U.S. Postal Service has entered the field with its special $9.35 express mail service. In fiscal 1984 the USPS shipped some 41 million pieces of express mail...
...still UPS (estimated 1983 sales: $6 billion), which has been dubbed the Brown Giant for its fleet of 62,000 chocolate-colored trucks. UPS, which started in Seattle in 1907 with six messengers and two bicycles, last year delivered 1.8 billion parcels, twice as many as the U.S. Postal Service. UPS got into overnight service in September 1982, promising arrival by 3 p.m. the next day at prices lower than Federal's. Now UPS delivers by noon, but Federal has moved up its arrival time by 90 minutes...