New Mail-Flying to Weigh on FedEx

Discussion in 'The Latest FedEx Headlines' started by cheryl, Jan 10, 2012.

  1. cheryl

    cheryl I started this. Staff Member

    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.
     
  2. Cactus

    Cactus Just telling it like it is

    Smith won't lose anything.

    He'll just deduct if from wages and benefits mostly in the blue collar sector.
     
  3. MontanaBill2011

    MontanaBill2011 New Member

    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.