Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe UPS Forum
The Latest UPS Headlines
FedEx Shuts Out UPS to Win $10.5 Billion in Postal Service Work
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="cheryl" data-source="post: 1126084" data-attributes="member: 1"><p><a href="http://www.bloomberg.com/news/2013-04-23/fedex-to-fly-mail-for-postal-service-for-10-5-billion.html" target="_blank"><strong>FedEx Wins $10.5 Billion Postal Contract as UPS Shut Out - Bloomberg</strong></a></p><p></p><p>FedEx Corp. (FDX) won a seven-year contract with the U.S. Postal Service valued at about $10.5 billion to carry mail between U.S. airports, fending off a challenge from United Parcel Service Inc. (UPS)</p><p></p><p>The new accord to fly Express Mail and Priority Mail starts in October once the current deal ends, FedEx said yesterday in a statement. The Memphis, Tennessee-based company didn’t give details beyond the value and length of the agreement.</p><p></p><p>The contract locks in FedEx’s business with the Postal Service and erases concern that it would lose some work to UPS as the U.S. mail carrier restructures after years of losses. FedEx has a larger U.S. air network and already has the labor and assets to handle Postal Service volume, most of which is processed during the day after the company’s premium overnight packages and documents have been cleared.</p></blockquote><p></p>
[QUOTE="cheryl, post: 1126084, member: 1"] [URL='http://www.bloomberg.com/news/2013-04-23/fedex-to-fly-mail-for-postal-service-for-10-5-billion.html'][B]FedEx Wins $10.5 Billion Postal Contract as UPS Shut Out - Bloomberg[/B][/URL] FedEx Corp. (FDX) won a seven-year contract with the U.S. Postal Service valued at about $10.5 billion to carry mail between U.S. airports, fending off a challenge from United Parcel Service Inc. (UPS) The new accord to fly Express Mail and Priority Mail starts in October once the current deal ends, FedEx said yesterday in a statement. The Memphis, Tennessee-based company didn’t give details beyond the value and length of the agreement. The contract locks in FedEx’s business with the Postal Service and erases concern that it would lose some work to UPS as the U.S. mail carrier restructures after years of losses. FedEx has a larger U.S. air network and already has the labor and assets to handle Postal Service volume, most of which is processed during the day after the company’s premium overnight packages and documents have been cleared. [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe UPS Forum
The Latest UPS Headlines
FedEx Shuts Out UPS to Win $10.5 Billion in Postal Service Work
Top