USPS: 2006 Proposed Express Mail Rate Increase

Express Mail
Current					Proposed
Weight (lbs.)	Custom Designed	Next Day & Second Day Post Office to Post Office	Next Day & Second Day Post Office to Addressee		Weight (lbs.)	Custom Designed	Next Day & Second Day Post Office to Post Office	Next Day & Second Day Post Office to Addressee
0.5	$10.70	$10.40	$13.65		0.5	$11.30	$10.95	$14.40
1	14.90	14.60	17.85		1	15.70	15.40	18.80
2	14.90	14.60	17.85		2	15.70	15.40	18.80
3	18.10	17.80	21.05		3	19.10	18.75	22.20
4	21.25	20.95	24.20		4	22.40	22.10	25.50
5	24.35	24.05	27.30		5	25.65	25.35	28.75
6	27.45	27.15	30.40		6	28.95	28.60	32.05
7	30.50	30.20	33.45		7	32.15	31.85	35.25
8	31.80	31.50	34.75		8	33.50	33.20	36.65
9	33.25	32.95	36.20		9	35.05	34.75	38.15
10	34.55	34.25	37.50		10	36.40	36.10	39.50
11	36.25	35.95	39.20		11	38.20	37.90	41.30
12	38.90	38.60	41.85		12	41.00	40.70	44.10
13	40.80	40.50	43.75		13	43.00	42.70	46.10
14	41.85	41.55	44.80		14	44.10	43.80	47.20
15	43.15	42.85	46.10		15	45.50	45.15	48.60
16	44.70	44.40	47.65		16	47.10	46.80	50.20
17	46.20	45.90	49.15		17	48.70	48.40	51.80
18	47.60	47.30	50.55		18	50.15	49.85	53.30
19	49.05	48.75	52.00		19	51.70	51.40	54.80
20	50.50	50.20	53.45		20	53.25	52.90	56.35
21	51.95	51.65	54.90		21	54.75	54.45	57.85
22	53.40	53.10	56.35		22	56.30	55.95	59.40
23	54.90	54.60	57.85		23	57.85	57.55	60.95
24	56.30	56.00	59.25		24	59.35	59.00	62.45
25	57.70	57.40	60.65		25	60.80	60.50	63.95
26	59.20	58.90	62.15		26	62.40	62.10	65.50
27	60.60	60.30	63.55		27	63.85	63.55	67.00
28	62.10	61.80	65.05		28	65.45	65.15	68.55
29	63.55	63.25	66.50		29	67.00	66.65	70.10
30	65.00	64.70	67.95		30	68.50	68.20	71.60
31	66.45	66.15	69.40		31	70.05	69.70	73.15
32	67.95	67.65	70.90		32	71.60	71.30	74.75
33	69.30	69.00	72.25		33	73.05	72.75	76.15
34	70.85	70.55	73.80		34	74.70	74.35	77.80
35	72.20	71.90	75.15		35	76.10	75.80	79.20
36	73.75	73.45	76.70		36	77.75	77.40	80.85
37	75.40	75.10	78.35		37	79.45	79.15	82.60
38	77.20	76.90	80.15		38	81.35	81.05	84.50
39	78.95	78.65	81.90		39	83.20	82.90	86.30
40	80.75	80.45	83.70		40	85.10	84.80	88.20
41	82.55	82.25	85.50		41	87.00	86.70	90.10
42	84.40	84.10	87.35		42	88.95	88.65	92.05
43	86.10	85.80	89.05		43	90.75	90.45	93.85
44	87.85	87.55	90.80		44	92.60	92.30	95.70
45	89.45	89.15	92.40		45	94.30	93.95	97.40
46	90.80	90.50	93.75		46	95.70	95.40	98.80
47	92.45	92.15	95.40		47	97.45	97.15	100.55
48	93.90	93.60	96.85		48	98.95	98.65	102.10
49	95.30	95.00	98.25		49	100.45	100.15	103.55
50	96.80	96.50	99.75		50	102.05	101.70	105.15
51	98.40	98.10	101.35		51	103.70	103.40	106.80
52	99.80	99.50	102.75		52	105.20	104.85	108.30
53	101.35	101.05	104.30		53	106.80	106.50	109.95
54	102.80	102.50	105.75		54	108.35	108.05	111.45
55	104.30	104.00	107.25		55	109.95	109.60	113.05
56	105.85	105.55	108.80		56	111.55	111.25	114.70
57	107.30	107.00	110.25		57	113.10	112.80	116.20
58	108.85	108.55	111.80		58	114.75	114.40	117.85
59	110.45	110.15	113.40		59	116.40	116.10	119.50
60	112.20	111.90	115.15		60	118.25	117.95	121.35
61	114.10	113.80	117.05		61	120.25	119.95	123.35
62	115.85	115.55	118.80		62	122.10	121.80	125.20
63	117.55	117.25	120.50		63	123.90	123.60	127.00
64	119.50	119.20	122.45		64	125.95	125.65	129.05
65	121.20	120.90	124.15		65	127.75	127.45	130.85
66	123.10	122.80	126.05		66	129.75	129.45	132.85
67	124.80	124.50	127.75		67	131.55	131.20	134.65
68	126.70	126.40	129.65		68	133.55	133.25	136.65
69	128.45	128.15	131.40		69	135.40	135.05	138.50
70	130.25	129.95	133.20		70	137.30	136.95	140.40
Notes:					Notes:
1. Same Day Airport service is currently suspended.					1. Same Day Airport service is currently suspended.
2. The 1/2-pound rate is charged for matter sent in a flat-rate envelope provided by the USPS, regardless of the actual weight of the piece.					2. The 1/2-pound rate is charged for matter sent in a flat-rate envelope provided by the USPS, regardless of the actual weight of the piece.

UPS Acquires Overnite Corp Trucking Company

UPS Adds Ground Freight Options By Acquiring Overnite Corp.

ATLANTA, May 16, 2005 – UPS (NYSE:UPS) and Overnite Corporation (NASDAQ: OVNT) today jointly announced a definitive agreement for UPS to acquire Overnite for US$43.25 per share, or approximately US$1.25 billion in cash.
The transaction will allow UPS to expand its service portfolio by offering a variety of less-than-truckload (LTL) and truckload (TL) services to its North American customers. It also will immediately position UPS as a top U.S. LTL carrier and comes just five months after the company expanded its air freight services by acquiring Menlo Worldwide Forwarding.

The acquisition, expected to close during the third quarter of 2005, is an all-cash transaction that will require regulatory approvals and the approval of Overnite's shareholders. The Overnite Board of Directors has unanimously approved the agreement and recommended approval by its shareholders.

Based in Richmond, Va., Overnite reported net income of US$63.3 million in 2004 on revenue of US$1.65 billion. The carrier serves more than 60,000 customers in the LTL and TL segments with operations in the U.S., Canada, Mexico, Puerto Rico, Guam and the U.S. Virgin Islands.

"Overnite is a perfect strategic fit for our company," said Mike Eskew, UPS chairman and CEO. "We want to offer our customers the broadest portfolio of transportation and logistics services available from a single source and this is an important capability that we needed to have.

"Overnite is a successful, well-run company with excellent growth prospects and has a strong culture and world-class employee base that complement our organization," Eskew added.

Overnite's management team is expected to remain in place to run the business.

"This is an exciting time for Overnite and its customers and employees," added Leo Suggs, Overnite's chairman, CEO and president. "We are pleased that UPS recognizes our commitment to quality service, our broad nationwide coverage and a trained and motivated workforce. We are confident in our ability to help UPS broaden its diverse service portfolio to its customers."

With the addition of Overnite, UPS will become a top motor freight carrier with expanded services that will help customers more easily synchronize the movement of goods, information and funds. The single-source solutions offered by UPS now will include a full suite of heavy freight services via air, ground and ocean.

Overnite Corp. is one of America's leading less-than-truckload carriers with a 70-year heritage. Its principal operating company, Overnite Transportation Company, operates in all 50 states, Canada, Puerto Rico, Guam, the U.S. Virgin Islands and Mexico. Its other operating company, Motor Cargo, is a regional less-than-truckload carrier primarily serving the western United States, Canada and Mexico. Together, they form one of the largest less-than-truckload carriers in the United States with over 200 service centers and 14,200 employees.