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Deutsche Post stops accepting Crimea-bound letters

FRANKFURT (Reuters) - Deutsche Post is no longer accepting letters bound for Crimea after its Ukrainian counterpart told the Geneva-based Universal Postal Union (UPU) that delivery to the region was no longer guaranteed, the German postal company said on Thursday. A Deutsche Post spokesman said that Ukraine's advisory to the UPU after Russia's annexation of Crimea also affects delivery of parcels and packages sent via the traditional postal networks of both countries.

New York state joins NYC in suing FedEx for shipping untaxed cigarettes

(Reuters) - New York state joined New York City in suing package delivery company FedEx Corp for allegedly violating state and federal laws by illegally delivering contraband cigarettes to people's homes. The City of New York had sued FedEx last December, accusing the company of creating a "public nuisance" through its partnership with Shinnecock Smoke Shop to ship untaxed cigarettes to homes.

Winter storms hit FedEx's quarterly results, outlook

By Nivedita Bhattacharjee (Reuters) - FedEx Corp <FDX.N> on Wednesday said severe winter conditions had hurt quarterly earnings and revenue, prompting the world's No. 2 package delivery company to cut its fiscal-year profit forecast. The unusual weather disrupted operations, reduced shipping volumes and increased costs, decreasing operating income by about $125 million in the third quarter ended on February 28, FedEx said.

FedEx profit and revenue rise but not enough to meet Wall Street forecasts

DALLAS - FedEx Corp. says its latest quarterly profit rose 5 per cent from a year ago despite storms that raised the company's costs, but the results were below analysts' expectations. The company's ground-shipping segment is doing better, but the express-delivery business is flat and customers continue to shift to slower, cheaper services for international shipments.

FedEx profit and revenue rise but not enough to meet Wall Street forecasts

DALLAS - FedEx Corp. says its latest quarterly profit rose 5 per cent from a year ago despite storms that raised the company's costs, but the results were below analysts' expectations. The company's ground-shipping segment is doing better, but the express-delivery business is flat and customers continue to shift to slower, cheaper services for international shipments.

UPS raises freight unit shipping rates

(Reuters) - United Parcel Service Inc said it will raise shipping rates at its freight unit by 4.4 percent, more than rival FedEx Corp did earlier this month. The new rates apply to non-contractual less-than-truckload shipments rated on the current UPS tariffs, the company said, and will come into effect March 31. Less than truckload is the shipping of relatively small loads of freight, and customers use this method because it costs less than hiring an entire truck for an exclusive shipment.

FedEx unit to raise shipping rates

(Reuters) - FedEx Corp <FDX.N>, the world's No. 2 package delivery company, said its freight unit would raise shipping rates by an average 3.9 percent, effective March 31. This rate change applies to eligible FedEx Freight shipments within the United States, between the U.S. and Canada, within Canada, between the U.S. and Mexico, and within Mexico, FedEx said. (Reporting by Sagarika Jaisinghani in Bangalore; Editing by Joyjeet Das)

Online shoppers help cut U.S. Postal Service first-quarter loss

By Elvina Nawaguna WASHINGTON (Reuters) - The U.S. Postal Service narrowed losses in its latest quarter, as a surge in online shopping and package delivery boosted revenues during the busy holiday season. The agency, which has lost money for 19 of the last 21 quarters, lost $354 million in its fiscal first quarter ended December 31, compared with the same quarter a year ago when it posted a net loss of $1.3 billion.

UPS posts 4Q profit of $1.2B after lowering expectations due to snarled holiday deliveries

ATLANTA - UPS earned $1.2 billion in the fourth-quarter but a last-minute surge in holiday shipments drove up costs and hurt results. United Parcel Service Co. on Thursday reported net income $1.25 per share in the final three months of 2013, compared with adjusted profit of $1.32 per share a year earlier. Revenue rose 2.8 per cent to $14.9 billion, short of Wall Street's forecast of $15.2 billion.

DHL, FedEx suspend shipments to Russian customers

By Maria Kiselyova and Olga Sichkar MOSCOW (Reuters) - Express delivery companies DHL and FedEx <FDX.N> said on Thursday they had suspended foreign shipments to individual customers in Russia because of stricter customs procedures, making it harder for internet users to buy goods from abroad.
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