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US Postal Service cutting rates to win e-commerce business

from The Denver Post

The U.S. Postal Service is aggressively slashing prices for its biggest e-commerce companies in time for the holidays, aiming to steal business from FedEx and United Parcel Service. 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 percent on certain Priority Mail packages for customers shipping at least 50,000 parcels a year. more

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