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Article: FedEx Founder Has Been a Vocal Critic of Postal Service.(Knight Ridder/Tribune Business News)
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- September 11, 2000
- Author:
CopyrightCOPYRIGHT 2000 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Sep. 9--The most eloquent and outspoken opponent of a planned alliance between FedEx Corp. and the U.S. Postal Service may turn out to be the FedEx founder himself.
Frederick W. Smith, chairman and chief executive at FedEx, has been a vocal critic of the Postal Service and testified before Congress in 1999 that the agency ought to be barred from competing against private companies, then abolished as fax machines, e-mail and more efficient, profit-oriented firms take over its territory.
"The financial and operational core of the Postal Service --- the monopoly over the carriage and delivery of letters --- will one day dissolve in a technological mist," ...