Confirms FedEx Express was unable to reach agreement on mutually beneficial terms to extend the contract with USPS, and negotiations concluded on March 29th, following extensive discussions; Current contract to expire on Sept 29th, 2024 - filing
- Federal Express Corporation (“FedEx Express”), a wholly owned subsidiary of FedEx Corporation (“FedEx”), announced today that its agreement to provide domestic transportation services for the United States Postal Service (“USPS”) will expire by its terms on September 29, 2024.
The parties were unable to reach agreement on mutually beneficial terms to extend the contract, and negotiations concluded on March 29, 2024, following extensive discussions.FedEx Express will continue to provide air transportation services domestically and to Puerto Rico through the contract’s expiration on September 29, 2024.