The contract, initiated in 2013 and originally set to expire in 2020, will now be in effect through September 2024. Under the contract, FedEx Express provides airport-to-airport transportation for USPS’s “priority mail express” and “priority mail” products within the US.
According to FedEx, the modified contract is expected to generate $1.5 billion in annual revenue for FedEx.
FedEx Corp. president and COO David Bronczek said FedEx is able to provide “operational reliability and flexibility” to USPS.
(Aaron Karp - ATWOnline News)