On Air Now

Tune in to Listen

99.9 FM Hibbing, MN

Weather

Current Conditions(Hibbing,MN 55746)

More Weather »
36° Feels Like: 29°
Wind: NE 9 mph Past 24 hrs - Precip: 0.22”
Current Radar for Zip

Today

Rain/Snow 38°

Tonight

Rain/Snow 31°

Tomorrow

Rain/Snow 46°

Alerts

FedEx signs new $10.5 billion contract with USPS

A Federal Express truck is parked next to a UPS truck as both drivers make deliveries in downtown San Diego, California March 5, 2013. REUTE
A Federal Express truck is parked next to a UPS truck as both drivers make deliveries in downtown San Diego, California March 5, 2013. REUTE

(Reuters) - FedEx Corp said its FedEx Express subsidiary has entered into a seven-year express air transportation contract with the United States Postal Service for about $10.5 billion.

FedEx's current contract ends in September 2013, and the new contract will begin in October 2013.

The company on Tuesday also launched a new service to let customers select from a range of options to schedule dates, locations and times of delivery. Rival UPS began offering its "UPS My Choice" service more than a year ago.

(Reporting by Nivedita Bhattacharjee in Chicago; Editing by Carol Bishopric)

Comments