UPS in, FedEx out as the primary air cargo provider for U.S. Mail

United Parcel Service Inc (NYSE: UPS) is in the green this morning after the United States Postal Service said the multinational will become its primary air cargo provider.FedEx is parting ways with USPS Copy link to section U.S. Mail has so far been working with FedEx Corp (NYSE: FDX) on air cargo. But the New York listed firm opted to walk away today after the “parties were unable to reach agreement on mutually beneficial terms to extend the contract”.  USPS is yet to reveal the financial details of its a ...