New CMRA Rules Take Effect Aug. 1

Article Abstract:

Commercial mail receiving agencies (CMRA) will be subject to a new U.S. Postal Service rule on August 1, 2001. The new regulation, which will require CMRAs to put special addressing designations on its mail, affects companies such as San Diego, Calif.-based Mail Boxes Etc.

Government domestic functions, Legal/Government Regulation, Mail Boxes Etc. Inc., MAIL

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FedEx to buy LTL carrier Watkins

Article Abstract:

FedEx Corp. has consented to buy the less-than-truckload operations of Watkins Motor Lines for $780 million in cash. Watkins will be rebranded as FedEX National LTL, though management will stay the same.

Acquisitions & mergers, Trucking, General Freight Trucking, Trucking & Courier Services, Ex. Air, Regulation and Administration of Transportation Programs, Air courier services, Trucking Programs, Mergers, acquisitions and divestments, Company acquisition/merger, Courier services, Express delivery services, Watkins Motor Lines Inc.

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USPS, FedEx ready for joint venture

Article Abstract:

The United States Postal Service will form a transportation network joint venture with FedEx Corp.

Joint ventures, Licensing/Sales Agreements

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