OFFICE-MAX & FED-EX FORM NEW ALLIANCE

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OFFICE-MAX & FED-EX FORM NEW ALLIANCE

 user 2009-07-07 at 11:54:25 am Views: 48
  • #22099

    http://latimesblogs.latimes.com/shopping_blog/2009/06/officmax-and-fedex-ink-multiyear-deal.html
    OFFICE-MAX & FED-EX FORM NEW ALLIANCE
    FedEx
    Express and FedEx Ground shipping will now be available at more than
    900 OfficeMax Inc. retail locations.The two companies announced a
    multiyear agreement today that is set to roll out through July, August
    and September. The exact terms of the deal were not disclosed.“This
    expansion of the FedEx retail network is designed to benefit express
    and ground shipping customers, including small business shippers and
    consumers,” said T. Michael Glenn, FedEx Corp. executive vice
    president, market development and corporate communications, in a
    statement.The move comes as FedEx’s domestic volume has plummeted amid
    the recession. The Memphis-based company’s U.S. express volume has
    dropped for 14 consecutive quarters.

    According to a statement
    released by the two companies, the on-site shipping options are
    expected to be offered at all OfficeMax stores by Sept. 30. However,
    stores in Chicago and Memphis have already begun accepting
    packages.FedEx hopes the move performs better than its previous foray
    into the retail market. In 2004, the company purchased Kinko’s, now
    known as FedEx Office. The company has since had to take write-downs
    totaling about 70% of the $2.4-billion purchase.