UPS said that it had received an air cargo contract from the U.S. Postal Service that significantly expands an existing partnership between the two.FILE - A delivery vehicle passes by a UPS depot, Thursday, June 29, 2023, in New York. The Atlanta shipping company said Monday that it had received an air cargo contract from the U.S. Postal Service that significantly expands an existing partnership between the two.
FedEx said in a regulatory filing that it wasn't able to reach an agreement on mutually beneficial terms to extend its contract with USPS. The company said that negotiations ended on Friday, after extensive talks. During FedEx's third-quarter conference call on March 21, Chief Customer Officer Brie Carere said that the company had provided its services to USPS for more than two decades and that the two sides were still in negotiations.
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