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WASHINGTON, D.C., Feb. 20, 2003 – Mike Eskew, the chairman and CEO of United
Parcel Service (NYSE: UPS), today expressed the company’s support for a
healthy and viable U.S. Postal Service, focused on its core mission.
Testifying before the President’s Commission on the U.S. Postal Service,
Eskew said: “UPS supports a Postal Service focused on its core letter
mail mission that is dedicated to providing high-quality service in the physical
delivery of letters, advertising and periodicals.”
As a major user of mail services, UPS is committed to a healthy and viable
U.S Postal Service, Eskew continued. UPS uses the Postal Service as one of its
main avenues of communication with its 360,000 employees and its millions of
customers. Additionally, through its mail-related subsidiaries including Mail
Boxes Etc., UPS pays over US$220 million to the Postal Service each year while
at the same time benefiting from package volume generated by catalogs and advertising
distributed through the mail.
The Commission was created to recommend legislative or administrative steps
needed to ensure the viability of postal services. The Commission is scheduled
to submit a report to the President by July 31 articulating a vision for the
future of the USPS.
UPS is committed to participating in crafting policies that ensure the viability
of the Postal Service to meet its core letter mail mission, since that mission
remains important to American society, Eskew said.
“To the extent the Postal Service competes in the private sector, it
must be on a level playing field with proper accounting, transparency, full
disclosure and oversight,” he added.
UPS is the world’s largest global transportation company, offering the
most extensive range of e-commerce and supply chain solutions for the movement
of goods, information and funds. Headquartered in Atlanta, Ga., UPS serves more
than 200 countries and territories worldwide. UPS stock trades on the New York
Stock Exchange (UPS) and the company can be found on the Web at UPS.com.
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