The US Postal Service will change its airmail operator for the first time in 20 years – Kommersant
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Today, April 1, United States Postal Service (USPS) signed a contract for air delivery of letters and parcels with the logistics company UPS (United Parcel Service).
Thus, the USPS changed its primary airmail operator for the first time in more than 20 years. Previously, the US Postal Service was operated by the logistics company FedEx. UPS will take over starting in September, when the current contract expires. The contract with UPS was concluded for five and a half years with the possibility of further extension.
The financial terms of the contract were not disclosed, but USPS payments to FedEx in recent years are known: $1.7 billion in 2023, $2.4 billion in 2022. FedEx previously said it was prepared to end its relationship with the USPS at the end of the contract unless its terms were improved.
The USPS does not have its own aircraft, so air mail delivery is handled by third-party operators. The Postal Service has recently been ramping up ground delivery and cutting back on air delivery, with about 95% of all first-class letters and packages already delivered by ground.
FedEx shares fell 2.2% today, UPS – 1.1%.
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