Posted By:
Tom BoblittI can't confirm what all 4000+ UPS Store/Mailboxes Etc stores are doing. About 400-500 of the 4000+ stores elected NOT to change their name to UPS Store as, by doing so, Fedex pulled most of their services from their stores. Stores that had heavy Fedex business probably elected to retain the Mailboxes Etc name. Don't know for sure but something's running right because UPS small package traffic to/through the stores is up about 150% since the name change which more than offsets the loss of Fedex/DHL business. Some of that is for customers who, as I stated earlier, use UPS.com for their shipments and drop them at the stores.
What they do on the insurance is solely within their own discretion and your point makes sense since UPS insurance is .35/100 and they are charging more than 3X that. That's why competition is good and that's why there are more than one delivery company. Both Fedex and UPS are doing QUITE well if the stock prices are any indication..........