Pepsi’s big bottle return, U.S. Postal Service’s branch pruning
Good day for cola consolidation; Bad day for postal service
GOOD DAY FOR: Cola consolidation, after PepsiCo agreed to buy its two biggest bottlers, Pepsi Bottling Group and PepsiAmericas, for $7.8 billion. The half-cash and half-stock deal will give PepsiCo, the world’s No. 2 drink maker, direct distribution management for 80 percent of its drinks sold in North America. That will make Pepsi more flexible in responding to drinkers’ tastes, according to the company. (AP in Yahoo! Finance)
BAD DAY FOR: Postal service, after the U.S. Postal Regulatory Commission is looking at shuttering or altering service at more than 700 post office branches nationwide to close a $7 billion deficit. The U.S. Postal Service is evaluating 3,200 of its 23,741 stations and branches to pick out the ones for closure. USPS attributes is massive loss to increasing use of email. (USA Today)
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
![https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg](https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516-320-80.jpg)
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Create an account with the same email registered to your subscription to unlock access.
-
Big Tech's answer for AI-driven job loss: universal basic income
In The Spotlight A new study reveals the strengths and limitations
By Joel Mathis, The Week US Published
-
'I will not be silent' on Gaza, says Kamala Harris
Speed Read In a meeting with Israeli Prime Minister Benjamin Netanyahu, Harris supported Israel's right to defend itself while expressing a desire to end Palestinian suffering
By Arion McNicoll, The Week UK Published
-
'How long can TikTok dominate as a social network?'
Instant Opinion Opinion, comment and editorials of the day
By Justin Klawans, The Week US Published