New Mail-Flying to Weigh on FedEx

[cheryl]

New Mail-Flying to Weigh on FedEx - Yahoo

FedEx Express, a unit of FedEx Corporation (FDX'>FDX), is expected to lose about $400 million when a new federal mail-flying contract is negotiated in 2013.

FedEx Express signed a contract with the U.S. Postal Service (Other OTC:USPS.PK - News) for airport-to-airport delivery of priority mail, express mail and first-class mail within the United States. The contract is set to expire in 2013.

 

[Cactus]

Smith won't lose anything.

He'll just deduct if from wages and benefits mostly in the blue collar sector.

 

[MontanaBill2011]

Transportation managers for the USPS just figured out they can save 400 million dollars a year by shuttling priority mail on trucks unstead of jets criss-crossing the country. The USPS could possibly use UPS to transport priority mail.