Posted 4/1/2024, 1:07:30 PM
UPS to Become Primary Air Cargo Carrier for US Postal Service, Replacing FedEx
- UPS will become the primary air cargo provider for the US Postal Service, significantly expanding an existing partnership
- UPS will handle the majority of USPS air cargo following a transition period; financial terms not disclosed
- FedEx's current USPS air cargo contract expires Sept 29 after failed negotiations to extend
- USPS focusing on cutting transportation costs - shifting some air to ground shipments to save $3B over 2 years
- Air cargo shipments rising globally, with January growth hitting highest rate since summer 2021