UPS Takes Flight as USPS' New Prime Air Cargo Provider Amid FedEx Departure
In a significant shake-up in the logistics industry, United Parcel Service (UPS) has been announced as the new primary air cargo provider for the United States Postal Service (USPS), marking the end of a more than two-decade partnership between USPS and FedEx. This development heralds a major shift in the air cargo landscape, particularly as FedEx was previously the largest customer for its air-based Express segment. The transition to UPS is being viewed as a significant enhancement to its portfolio, especially after the company projected a full-year revenue that fell short of Wall Street expectations.
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