FedEx extends US Post Office air service contract

SAN FRANCISCO (MarketWatch) — FedEx Corp. said late Tuesday it signed a new $10.5 billion air transportation contract with the U.S. Postal Service. The seven-year contract, which begins in October when an older contract ends, will provide airport-to-airport transportation of USPS Express Mail and Priority Mail packages, FedEx said. Market Pulse Stories are Rapid-fire, short news bursts on …

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