UPS wins US Postal Service account

: Latest News; Tuesday, 02 April 2024

United Parcel Service (UPS) has won the United States Postal Service's 'primary air cargo provider' account, ending rival FedEx's more than 20-year partnership with USPS.

The 5.5-year-minimum contract is effective September 30.

The switch is not seen as a huge loss for FedEx; USPS represented about four per cent of its annual revenue, according to Reuters.

FedEx’s Postal Service revenue fell to US$1.9 billion in 2022 after previously generating annual revenues of at least US$2 billion.

UPS wins US Postal Service account

Latest News

Tuesday, 02 April 2024

United Parcel Service (UPS) has won the United States Postal Service's 'primary air cargo provider' account, ending rival FedEx's more than 20-year partnership with USPS.

The 5.5-year-minimum contract is effective September 30.

The switch is not seen as a huge loss for FedEx; USPS represented about four per cent of its annual revenue, according to Reuters.

FedEx’s Postal Service revenue fell to US$1.9 billion in 2022 after previously generating annual revenues of at least US$2 billion.