FedEx Signs New Express Air Transportation Agreement with United States
MEMPHIS, Tenn. -- April 23, 2013
FedEx Corp. (NYSE: FDX) today announced that its FedEx Express subsidiary has
entered into a new express air transportation contract with the United States
Postal Service. The current contract ends in September 2013, and the new
contract will begin in October 2013.
Under this seven-year agreement, valued at approximately $10.5 billion, FedEx
Express will provide airport-to-airport transportation of USPS Express Mail
and Priority Mail within the United States.
“FedEx Express will continue the outstanding service that we have provided to
the USPS for the past 12 years under this new agreement,” said David J.
Bronczek, president and chief executive officer of FedEx Express. “This
contract provides enhanced value and additional flexibility allowing the USPS
to respond to possible changes. We look forward to continuing our successful
business relationship with the USPS.”
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a
broad portfolio of transportation, e-commerce and business services. With
annual revenues of $44 billion, the company offers integrated business
applications through operating companies competing collectively and managed
collaboratively, under the respected FedEx brand. Consistently ranked among
the world’s most admired and trusted employers, FedEx inspires its more than
300,000 team members to remain “absolutely, positively” focused on safety, the
highest ethical and professional standards and the needs of their customers
and communities. For more information, visit news.fedex.com.
Jess Bunn, 901-818-7463
Mickey Foster, 901-818-7468
Home Page: fedex.com
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