FedEx to Raise Ground Rates 4.9%

| Tim Parry

FedEx announced late last week that it will increase the standard list rates for FedEx Ground and FedEx Home Delivery by an average of 4.9%, effective Jan. 4. The increase will match a previously announced rate increase by rival carrier UPS.

November Sales Show Some Improvement

| MCM staff

Monthly sales results for the companies tracked by Multichannel Merchant have been abysmal across the board this year. But November sales revealed partial improvement.

Bottom Line Way Up At Staples

| MCM staff

Third-quarter sales for catalog/retailer Staples fell 6%, to $6.5 billion for the three months ended Oct. 31. But net income soared 72%, to $269 million, up from $157 million for the same period last year.

The USPS’s Outlook for 2010

| Jim Tierney

TO SAY 2009 WAS A ROUGH YEAR FOR THE U.S. POSTAL SERVICE WOULD CERTAINLY BE AN UNDERSTATEMENT. The USPS lost $3.8 billion in fiscal 2009, or $1 billion