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Note: In a Form 8-K filed with the Securities and Exchange Commission on April 1, 2024, FedEx Corporation announced the agreement between FedEx Express and the United States Postal Service (“USPS”) for domestic transportation services will expire by its terms on September 29, 2024.
A longtime contract between FedEx Corp. and the United Postal Service is coming to an end this summer. The Memphis-based shipping giant announced Monday it will no longer be USPS’ main...
FedEx’s contract with USPS is set to expire on Sept. 29. Getty Images. Key Facts. UPS said it was awarded a “significant air cargo contract” from USPS, that makes the shipping chain the...
FedEx’s revenue from its Postal Service contract in the fiscal year ending Sept. 30, 2022, fell $236 million to $1.9 billion and is expected to decrease again in Hendel’s next list.
FedEx, USPS contract expires in September. FedEx, the current primary air cargo provider for the USPS, said in a regulatory filing its agreement with the agency will expire on Sept. 29, 2024, and...
If the domestic contract with USPS, Express' largest customer, lapses later this year, it would erase nearly $2 billion in annual business that funds hundreds of pilot jobs.
FedEx Corp is waging financial battles on two fronts. The delivery giant wants a more profitable contract with the U.S. Postal Service and is seeking an elusive labor deal with its pilots.
The U.S. Postal Service is pleased to execute a four year renewal to extend the Air Cargo Network (ACN) contract with FedEx through September 29, 2024. The competitively awarded contract began October 1, 2013, and provides domestic air transportation for U.S. Mail, Priority Mail and Priority Mail Express.
FedEx Corp. expects its air express unit will lose half of its business with the U.S. Postal Service when an existing contract expires, making more pilots expendable, FreightWaves has learned.
Under the contract, FedEx Express provides domestic air transportation for the USPS’ First Class Mail, Priority Mail and Priority Mail Express services, plus international delivery.