US Postal Service to migrate air cargo to UPS during summer [Yahoo! Finance]
FedEx Corporation (FDX)
Last fedex corporation earnings: 3/17 04:03 pm
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Source: Yahoo! Finance
interruption for customers heading into the busy holiday shipping season, the agency and company officials said Tuesday. UPS' (NYSE: UPS ) ability to leverage its integrated air-and-ground network and bypass its main sort hub in Louisville, Kentucky, will enable the integrated express carrier to better profit from transporting domestic airmail for the U.S. Postal Service than its predecessor, executives said during an earnings briefing for analysts. Atlanta-based UPS wrested the Postal Service's primary air cargo business from FedEx earlier this month and is working to transition all the first-class mail, Priority Mail and Priority Express volume to its network before the FedEx (NYSE: FDX ) contract ends Sept. 29, management said. The Postal Service next month will implement a detailed plan to begin migrating the business from FedEx to UPS, spokeswoman Sue Brennan said in an emailed statement. “The process will continue to evolve throughout the summer and be completed in advan
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FDX
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FDX
Sec Filings
- 4/26/24 - Form 8-K/A
- 4/9/24 - Form 4
- 4/9/24 - Form 144
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