FedEx preps for $500M headwind after US Postal Service split
The delivery giant is preparing to aggressively reduce Postal Service-related costs following the contract’s Sept. 29 expiration to minimize the impact to its bottom line.
The delivery giant is preparing to aggressively reduce Postal Service-related costs following the contract’s Sept. 29 expiration to minimize the impact to its bottom line.
“We are going to continue to have a daytime operation, and we’ve some great customers on that,” the CFO said. “And will we do as much as we are doing…
The latest data from law firm Culhane PLLC has revealed FedEx remained the top supplier for the United States Postal Service (USPS) with US$1.6bn in revenue for fiscal year 2023
Daytime flight operations and pilot staffing are likely targets for reductions once the air transportation contract expires in September, experts say.