latinaviation
Posts: 1162
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FedEx Acquires Kinko's

Tue Dec 30, 2003 11:01 pm

Must be a competitive response to UPS' purchase of Mail Boxes Etc. Detailed press release can be found here:

http://biz.yahoo.com/bw/031230/305086_1.html
 
Tiger119
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 4:16 am

UPS purchased Mail Boxes, Etc. about a year or so ago, didn't they?
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RiverVisualNYC
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 5:29 am

Gives new meaning to "copy that."
 
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yyz717
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 5:59 am

UPS purchased Mail Boxes, Etc. about a year or so ago, didn't they?

Correct. This Fedex move seems to be in response to the UPS purchase. Frankly, I don't really see much synergy between a courier company and a business service centre that focuses on photocopying etc.

I dumped at the gybe mark in strong winds when I looked up at a Porter Q400 on finals. Can't stop spotting.
 
gigneil
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 6:02 am

Other Neil is quite right. Mail Boxes was a very strategic move.

Kinkos, while they offer shipping materials, is not really known for it, and I don't think they offer much shipping services.

N
 
FLAIRPORT
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 6:20 am

Well, FedEx wil lhave one advantage if they get their shipping up, Kinkos is open 24 hours! Now I can ship my FedEx package at 2am!


P.S. don't mean to be a spoiler, but how does this deal with civil aviation?
NEXT FLIGHT: FLL-ATL-HPN on FL
 
srbmod
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 6:30 am

P.S. don't mean to be a spoiler, but how does this deal with civil aviation?


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Kinko's will be a sister company to the cargo airline.
 
Okie
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 6:30 am

I think its a great move, total resources for a small mom and pop operation to an easy drop off center for late packages for any business. I can tell you from experience that the cost of doing business with FEDEX is generally a lot cheaper than UPS due to hidden service fees, pickup fees, accounting fees etc, unless you are a very large user of UPS.
The price for Kinko's seems a little high but you are going to have to pay for some blue sky to purchase an successful business already in operation rather than starting your own from the ground up.
And on the light side: Damage a DC-10 just rundown to Kinko's and copy another one. Short a F/O well go to Kinko's, you get the idea.
 
RiverVisualNYC
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 7:08 am

Pity that at least here in NYC, Kinko's staff are pretty inept, often have no idea how to work their own equipment. Maybe FedEx will make them get a type rating on that HP Color Laser printer!!!!
 
Markus
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 7:48 am

Kinkos employees will soon be FedEx employees...I have a feeling you will soon see an increase in the degree of professionalism and training at stores. Now...let's get my that stock price up!!  Big grin
Cheers,
Markus
 
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 8:00 am

Ok so if Kinkos employees are going to become FedEx employees does that mean UPS store employees are UPS employees? If yes when will the teamsters come in and hike the pay rates, improve the benefits and make it possible for them to do even less at work. Hey I better get my job back at one of those ripoff palaces if thats gonna happen..

Don't send your UPS stuff at the UPS store, their rates are so high they should buy you a drink first.
 
DC10GUY
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 8:25 am

Hey Startvalve, Sounds like they did the right thing when they fired you. I'm glad they didn't have a union when you where working there. Flairport, Hate to be a spoiler but .... This is the non aviation forum....
Next time try the old "dirty Sanchez" She'll love it !!!
 
commander_rabb
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 8:59 am

Frankly, I don't really see much synergy between a courier company and a business service centre that focuses on photocopying etc.

There is tremendous fit between the two. It's called location and ease to mail items via FedEx 24 hours a day. Guess that's why your not the head of UPS or FedEx.

Smith, nothing more to say than thanks for making life simpler.



 
funflyer
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 9:28 am

Hey FLAIRPORT if we were in civil aviation! check where you are!
Who cares about status?
 
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 11:28 am

DC10gay I didn't get fired I quit. 1200 miles is a long fucking commute.
 
beefer
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 1:17 pm

Just a note for you guys (Dc10guy/FunFlyer) who are ragging on FLAIRPORT.

This post was originally posted in the Civil Aviation Forum and now it has magically moved over to the Non-Aviation side.

Calm down a little bit.
 
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yyz717
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 3:24 pm

There is tremendous fit between the two. It's called location and ease to mail items via FedEx 24 hours a day. Guess that's why your not the head of UPS or FedEx.

Well, smartass.....Kinko's has already had Fedex drop boxes for years...I fail to see what other Fedex services can be provided at Kinko's outlets.

You're right....I'm not head of Fedex or UPS....but I'll bet your bottom dollar I'm closer to the top than you. So perhaps keep your personal comments to yourself.

I dumped at the gybe mark in strong winds when I looked up at a Porter Q400 on finals. Can't stop spotting.
 
commander_rabb
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 4:43 pm

I think what needs to be explained is that the FedEx and Kinko's combination will substantially increase the retail presence worldwide and will enable both companies to take advantage of growth opportunities. All 1,200 Kinko's locations worldwide, including more than 400 that operate 24 hours a day, seven days a week - will offer new or expanded FedEx shipping options for greater customer convenience.

It's all about customer service and since both companies share very similar corporate philosophies you can now see why it is such a great fit. Clayton, Dubilier & Rice (CD&R), is a global private equity investment firm that owns approximately 75 percent of Kinko's outstanding shares. CD&R will get a cash payment of 2.4 billion from FedEx. An excellent return for CD&R's investment!


Pretty simple to figure out that it is a great opportunity for both companies.

Yes, it's nice being on top of things for ones own portfolio.





 
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yyz717
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 4:58 pm

All 1,200 Kinko's locations worldwide, including more than 400 that operate 24 hours a day, seven days a week - will offer new or expanded FedEx shipping options for greater customer convenience.

All Kinko's worldwide already have Fedex drop boxes. It's a worldwide program. I fail to see how this will generate addl business for Fedex.
I dumped at the gybe mark in strong winds when I looked up at a Porter Q400 on finals. Can't stop spotting.
 
commander_rabb
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 5:29 pm

As Kinko’s exclusive shipping provider since 1988, FedEx currently operates full-service, staffed counters in 134 Kinko’s stores, accepting both time-definite express and day-definite ground shipments. This full range of shipping services will now be offered in all Kinko’s stores, greatly increasing FedEx Ground retail access in the United States and Canada, and improving the retail presence for FedEx Express in key international markets.

This is just one of the reasons. Hope that helps you.
 
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yyz717
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 5:36 pm

That's already offered worldwide, as I said. So what will change? Specifically, what incremental Fedex service will be offered at Kinko's? All you've outlined is what is available already.

This is just one of the reasons. Hope that helps you.

What are the other reasons?



I dumped at the gybe mark in strong winds when I looked up at a Porter Q400 on finals. Can't stop spotting.
 
buckfifty
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RE: FedEx Acquires Kinko's

Wed Dec 31, 2003 8:34 pm

Fedex = Good service.
Kinkos = Bad service.

Total = Service hampered by some poor old uni schmuck who hasn't slept for 42 hours doing two projects while simultaneously trying to answer questions from customers wondering why their PC disk won't work on Macs on top of figuring out how to work that package scanner thing-a-ma-jig.
 
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fanoftristars
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RE: FedEx Acquires Kinko's

Thu Jan 01, 2004 1:26 am

I work in the quick print/copy industry for AlphaGraphics, and I can attest that this has the foundation to be a great success. (This announcement also explains why our location in Memphis is showing slowing sales to the Fedex giant) The industry is moving towards global sourcing. Many of our print locations are handling customers via the web and then shipping to the customer's locations througout the world. As bad as Kinko's reputation for poor employees have been, Kinko's has been very successful and so has Fedex.

This could very well be a good textbook example of synergizing that our college professors always dreamed about. Both companies need to keep their individual brands (not the homoginization mess that the UPS-Mailboxes buyout is) in order to be successful. Both Fedex and Kinkos have been moving towards offering more and more services for businesses, and this is a step in the right direction.

UPS buys Mailboxes,
Fedex buys Kinkos,
I hope Airborne Express doesn't buy Alphagraphics!
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