Blends of poly(ethylene terephthalate) and poly(ethylene-2,6-naphthalate) (70 : 30 w/w) were prepared via a melt-mixing process at 280 C with various mixing times. The melt-mixed blends were analyzed by magnetic resonance spectroscopy, differential scanning calorimetry, dynamic mechanical measurements, transmission electron microscopy, and tensile tests. The results indicate that the blends mixed for short times had lower extents of transesterification and were miscible to a limited extent. The blends initially show two glass transitions, which approached more closely and merged gradually with increasing mixing time. A mechanical model was used to help understand the glass-transition behavior. With increasing mixing time, the phase structure of the blends improved, and this led to an increase in the tensile strength.