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Investors are funding plans to take the low-tech business of arranging cargo shipments online, The Wall Street Journal reported.
The fund, started in 1997, recently took a small stake in Air2Web, which produced technology that U.P.S. uses to let customers track shipments online.
The post office is creating software to allow shippers to buy postage, make labels, order packaging and track express and priority mail shipments online.
This is now one of the flagship features in the Slice app, which also helps users track their order confirmations, shipments, online spending, and price drops for select retailers.
The app, whose overall mission involves leveraging the email inbox as a source for commerce data, already offers the ability to track your order confirmations, shipments, online spending and price drops.
She pointed, as an example, to Faire, an online marketplace that connects independent retailers directly with product manufacturers, so they can place wholesale orders and track shipments online, as well as return the items that don't sell in their stores.
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Volume gains there were driven by lightweight shipments from online retailers to their customers, U.P.S. said.
They are joined by millions of other shipments from online pharmacies, eBay vendors, Amazon.com and other businesses that did not exist before the Internet.
United Parcel Service Inc. said today that fourth-quarter earnings rose 37percentt, disappointing investors who had expected the company, the world's largest provider of package delivery service, to get a bigger lift from holiday-season shipments by online retailers.
[C2.] U.P.S. Earnings Up 37% in Quarter United Parcel Service said fourth-quarter earnings rose 37percentt, disappointing investors who had expected the provider of package delivery service to get a bigger lift from holiday-season shipments by online retailers.
In September 2002, MBDC partnered with the Environmental Protection Agency's Office of Solid Waste to find ways to reduce the plastics and other undesirable layers of waste found in packaging of shipments from online retailers.
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