UPS Replaces FedEx as USPS' Primary Air Cargo Provider

United Parcel Service (UPS) announced Monday it is becoming the primary air cargo provider of the United States Postal Service (USPS), replacing FedEx (FDX) in the position. The shipping giant said it will become the primary air carrier, moving the majority of U.S. air cargo, after a "transition period." “Together UPS and USPS have developed an innovative solution that is mutually beneficial and complements our unique, reliable and efficient integrated network,” UPS Chief Executive Officer (CEO) Carol B. T ...