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 >
JAB increases majority stake in JDE Peet's with $2.4 bln buyout of Mondelez's shares
JAB increases majority stake in JDE Peet's with $2.4 bln buyout of Mondelez's shares
Oct 21, 2024
Oct 21 (Reuters) - German conglomerate JAB said on Monday it will acquire Mondelez's ( MDLZ ) minority stake in Dutch coffee maker JDE Peet's in a 2.2 billion euro ($2.4 billion) deal that will increase JAB's holding to 68%. JAB said it will pay 25.10 euros per share for Mondelez's ( MDLZ ) 86 million shares, or 17.6% stake,...
Market Chatter: MetLife in Talks to Acquire Non-China Assets of PineBridge
Market Chatter: MetLife in Talks to Acquire Non-China Assets of PineBridge
Oct 21, 2024
05:55 AM EDT, 10/21/2024 (MT Newswires) -- MetLife ( MET ) is in talks to buy PineBridge Investments' non-China assets in a deal that could be valued at $1 billion to $1.5 billion, Bloomberg reported on Monday, citing unnamed people familiar with the matter. The talks for assets under management totaling about $100 billion, Bloomberg reported. MetLife ( MET )...
Investors expect volatile Nasdaq return for AI firm split from Russia's Yandex
Investors expect volatile Nasdaq return for AI firm split from Russia's Yandex
Oct 21, 2024
* Nebius emerged after $5.4 billion deal to split Yandex's assets * High volatility expected due to 78.1% free float held by Western investors * Nebius anticipates revenue growth of$500-$700 million by 2025 By Alexander Marrow Oct 21 (Reuters) - Investors in Amsterdam-based Nebius Group expect volatile trading on Monday when the AI infrastructure firm's Nasdaq listing, formerly held by...
Marriott International Launches Environmental Impact Reports for Events
Marriott International Launches Environmental Impact Reports for Events
Oct 21, 2024
04:12 AM EDT, 10/21/2024 (MT Newswires) -- Marriott International ( MAR ) said Monday it has launched a new program aimed at introducing environmental sustainability into the event-planning industry. The Connect Responsibly initiative will offer customers of Marriott's ( MAR ) events reports measuring the environmental impact of their gatherings and options to purchase carbon credits, in collaboration with South...
Copyright 2023-2026 - www.financetom.com All Rights Reserved