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FedEx risks losing $1 billion-plus Post Office contract to UPS

(Reuters) – Package-delivery company FedEx Corp risks losing its business with the U.S. Postal Service, worth more than $1 billion a year, when the beleaguered postal service puts the contract up for bid next year. The postal service alerted FedEx that it will seek bids for the contract after it expires in September 2013, FedEx said in a regulatory filing late on Monday. That clears the way for …

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