USPS set to cut back on airfreight

On May 1, the United States Postal Service is taking additional actions to improve service reliability by announcing the implementation of changes to the First-Class Package Service (FCPS) service standards. This initiative is part of “Delivering for America,” the Postal Service’s 10-year plan to achieve financial sustainability and service excellence. A fact sheet on the […]

US Postal Service locks in FedEx for another seven years

FedEx has announced its FedEx Express subsidiary has entered into an extension to the express air transportation contract with the United States Postal Service originally agreed on 23 April, 2013. The contract modification extends the agreement through to 29 September, 2024. FedEx says the modified contract is expected to generate revenue of around $1.5 billion a year for FedEx […]