OFFICE-MAX & FED-EX FORM NEW ALLIANCE

[Anonymous]

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.

[Author]

July 7, 2009 at 11:54 AM