Fedex, UPS Introduce New Pricing Systems; Futures Markets Lower

The US Futures markets are pointing to a lower open, on light volumes once again.
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The US Futures markets are pointing to a lower open, on light volumes once again. This after a down day on Wall Street. The International markets are under pressure as well. New pricing systems are coming to UPS and FedEx. This to deal with oversized boxes from online retailers. So for a ground package with volumes under 3 cubic feet, UPS is no longer charging by weight but charging by "dimensional weight." That change went into effect yesterday. FedEx will roll out the same change on Monday. Liberty Media just extended its CEO contract. Greg Maffei's contract was due to expire this month. He signed a new five-year deal to remain CEO of both Liberty Media and Liberty Interactive through 2019 that will boost his annual salary by more than 10%. He has been Chairman John Malone's right hand man since 2005 and together they engineered an aggressive strategy that has included several spin-offs and a $2.6 billion investment in Charter Communications in 2013. Accenture has just clinched a new government contract worth five years and 563 million dollars. The company overhauled the Healthcare.gov website at the beginning of this year and will continue to work on the Obamacare exchange. After a disastrous initial rollout of the site, the original contractor was dropped and Accenture was chosen.