Post Office and FedEx Corp.
So what ever happened to the argument for privatizing postal service?
The U.S. Postal Service (USPS) and FedEx Express, a subsidiary of FedEx Corp., have agreed to a new contract for domestic air transportation of postal express shipments. The new agreement continues through September 2013, and supercedes the current contract which was set to expire in August of 2008.
In 2001 the Postal Service and FedEx Express signed a seven-year contract for airport-to-airport delivery of Priority Mail, Express Mail and First-Class Mail within the United States. The contract announced today replaces the final two years of that contract and adds five additional years of service.
“The new contract allows the Postal Service and FedEx to continue our successful business relationship,” said Postmaster General John E. Potter.
More here.
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