UPS to Become Primary Air Cargo Carrier for US Postal Service, Expanding Partnership to Cut Costs

UPS will become the primary air cargo provider for the U.S. Postal Service, significantly expanding an existing partnership
UPS will move the majority of air cargo in the U.S. for the postal service after a transition period
The current USPS contract with FedEx expires late September; negotiations ended Friday after extensive talks
USPS is looking to reduce overall transportation costs by $3 billion over two years
While reducing air freight, global air cargo shipments have been rising - up 18.4% in January 2023