The Newell Rubbermaid-backed and US-based parcel carrier suspends its service in February.

Equaship, a US-based parcel carrier backed by Newell Rubbermaid, suspended its service in February, after launching in the fourth quarter of last year.

Ron Wiener, chief executive of EquaShip, said:  "Our customers clearly loved that fact that our prices beat FedEx and UPS by up to 80%, our real insurance coverage bundled with every parcel, and our outstanding customer service. However, in today’s ecommerce environment it’s not good enough for small and medium-sized merchants to offer Free Shipping. Shipping also…