FedEx will have to compete with UPS for the U.S. Postal Service contract
FedEx Express (Memphis) has been informed by the U.S. Postal Service it will have to bid for a new postal contract that is expiring in September 2013 according to this report by Reuters. This will open the door for UPS-United Parcel Service (Atlanta) to bid on the contract. According to Reuters, “FedEx is the postal service’s top contractor, earning an estimated $1.5 billion in revenue in fiscal 2011, according to Husch Blackwell LLP’s postal service contracting practice group.”
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