FedEx says it could lose lucrative postal contract - Commercial Appeal
FedEx said on Monday it could be in danger of losing the U.S. Postal Service as its largest customer.
The financially strapped post office has informed FedEx and rival UPS that it will seek competitive proposals for air transportation services that are under contract to FedEx through September 2013.
FedEx was the Postal Service's top supplier in fiscal 2011, taking in nearly $1.5 billion, while UPS came in 11th at about $102 million, according to an annual report on top Postal Service suppliers by David P. Hendel of the Washington law firm Husch Blackwell.
FedEx said on Monday it could be in danger of losing the U.S. Postal Service as its largest customer.
The financially strapped post office has informed FedEx and rival UPS that it will seek competitive proposals for air transportation services that are under contract to FedEx through September 2013.
FedEx was the Postal Service's top supplier in fiscal 2011, taking in nearly $1.5 billion, while UPS came in 11th at about $102 million, according to an annual report on top Postal Service suppliers by David P. Hendel of the Washington law firm Husch Blackwell.
