financetom
Business
financetom
/
Business
/
UPS to become USPS' primary air cargo provider
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
UPS to become USPS' primary air cargo provider
Apr 1, 2024 3:40 AM

April 1 (Reuters) - United Parcel Service ( UPS ) will

become the United Stated Postal Service's (USPS) primary air

cargo provider, the company said on Monday.

Rival FedEx ( FDX ), which counted USPS as the largest

customer for its air-based Express segment, has said it was

seeking a more profitable contract with the postal service

provider.

FedEx's ( FDX ) contract with the USPS is set to expire on Sept.

29.

(Reporting by Ananta Agarwal in Bengaluru; Editing by Savio

D'Souza and Varun H K)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US Senate panel to hold hearing on suspected Chinese hacking incidents
US Senate panel to hold hearing on suspected Chinese hacking incidents
Nov 19, 2024
WASHINGTON, Nov 18 (Reuters) - A U.S. Senate Judiciary subcommittee overseeing technology issues will hold a hearing Tuesday on Chinese hacking incidents, including a recent incident involving American telecom companies. The hearing to be chaired by Senator Richard Blumenthal will review the threats Chinese hacking and influence pose to our democracy, national security, and economy, his office said, adding the...
Trump may be planning to attend SpaceX launch in Texas
Trump may be planning to attend SpaceX launch in Texas
Nov 19, 2024
WEST PALM BEACH, Florida (Reuters) - President-elect Donald Trump may be planning to attend a SpaceX rocket launch in person in Texas on Tuesday, another sign of his close ties with the company's billionaire founder and CEO Elon Musk. The Federal Aviation Administration on Monday issued Temporary flight restrictions for VIP Movement over Brownsville, Texas, in the type of practice...
Trump may be planning to attend SpaceX launch in Texas
Trump may be planning to attend SpaceX launch in Texas
Nov 19, 2024
WEST PALM BEACH, Florida (Reuters) - President-elect Donald Trump may be planning to attend a SpaceX rocket launch in person in Texas on Tuesday, another sign of his close ties with the company's billionaire founder and CEO Elon Musk. The Federal Aviation Administration on Monday issued Temporary flight restrictions for VIP Movement over Brownsville, Texas, in the type of practice...
China courier group S.F. Holding to raise up to $792.7 million in Hong Kong listing
China courier group S.F. Holding to raise up to $792.7 million in Hong Kong listing
Nov 19, 2024
(Reuters) -China's largest express delivery company S.F. Holding said on Tuesday it plans to raise up to HK$6.17 billion ($792.71 million) in a Hong Kong listing, the latest sign of a revival in the city's capital markets. The Shenzhen-listed company will issue 170 million shares in a price range of HK$32.30 to HK$36.30 per share, according to its regulatory filings....
Copyright 2023-2025 - www.financetom.com All Rights Reserved