Following yesterday’s news that UPS has been awarded what it labeled a “significant air cargo contract” by the United States Postal Service (USPS), which used to be handled by its biggest competitor, FedEx, there has been no shortage of feedback and opinions on the development.
As previously reported, UPS officials said that this contract takes effect immediately while also expanding the existing relationship between UPS and USPS. And the company added that after a transition period, UPS will be the primary air cargo provider for USPS, moving the majority of USPS’s United States air cargo. And in an 8-K statement filed with the United States Securities and Exchange Commission yesterday FedEx said that the contract between its FedEx Express subsidiary and the USPS—in which it provides domestic transportation services for the USPS, “will expire by its terms” on September 29, 2024.
