UPS Selected as USPS's Main Air Cargo Provider in Major Contract Deal
UPS becomes primary air cargo provider for USPS
UPS has signed a new expansive contract to handle the majority of air cargo for the United States Postal Service (USPS), replacing FedEx Express. The collaboration between UPS and USPS is set to bring innovative logistics solutions.
Beneficial agreement between UPS and USPS
UPS CEO Carol Tomé emphasized the mutually beneficial nature of the partnership, highlighting the efficiency of their integrated network. The contract details remain undisclosed, but the transition is expected to lead to significant operational changes.
FedEx Express ends contract with USPS
FedEx Express terminated its contract with USPS due to the inability to agree on terms extending the partnership. USPS's strategic shift away from FedEx Express's air network poses challenges for FedEx's operations and financial status.
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