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FedEx Discussions
not looking good for express..
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<blockquote data-quote="Lordtekk" data-source="post: 1001381" data-attributes="member: 37735"><p><span style="color: #333333">FedEx said on Monday it could be in danger of losing the U.S. Postal Service as its largest customer.</span></p><p><span style="color: #333333">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.</span></p><p><span style="color: #333333">"Accordingly, upon the expiration of the current agreement, the transportation services we provide to the USPS could be transitioned, in whole or in part, to another provider," FedEx said in an annual report filed with the U.S. Securities and Exchange Commission.</span></p><p><span style="color: #333333">"This would have a negative impact on our asset utilization and profitability," the company stated.</span></p><p><span style="color: #333333">FedEx has carried First Class, Priority and Express Mail for the Postal Service under contracts dating to 2000, using the extra volume to maximize efficiency of its domestic fleet and the Memphis hub.</span></p><p><span style="color: #333333"></span></p><p><span style="color: #333333">I thought this was the topic ?</span></p></blockquote><p></p>
[QUOTE="Lordtekk, post: 1001381, member: 37735"] [COLOR=#333333]FedEx said on Monday it could be in danger of losing the U.S. Postal Service as its largest customer.[/COLOR] [COLOR=#333333]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.[/COLOR] [COLOR=#333333]"Accordingly, upon the expiration of the current agreement, the transportation services we provide to the USPS could be transitioned, in whole or in part, to another provider," FedEx said in an annual report filed with the U.S. Securities and Exchange Commission.[/COLOR] [COLOR=#333333]"This would have a negative impact on our asset utilization and profitability," the company stated.[/COLOR] [COLOR=#333333]FedEx has carried First Class, Priority and Express Mail for the Postal Service under contracts dating to 2000, using the extra volume to maximize efficiency of its domestic fleet and the Memphis hub. I thought this was the topic ?[/COLOR] [/QUOTE]
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