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FedEx signs new $10.5 billion contract with USPS

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)...

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  1. FedEx 1Q Beats the Street, But 2Q View Misses

    FedEx (NYSE:FDX) disclosed a lighter-than-expected 1.1% dip in fiscal first-quarter earnings on Tuesday amid the slowing global economy, but the shipping giant also ...

  2. FedEx Shares Slide After Profit Warning

    Shares of FedEx (NYSE:FDX) fell almost 3% Wednesday morning as Wall Street grows less bullish on the shipping giant after it issued a profit warning due to trouble i...

  3. FedEx Cuts Q1 Forecast

    FedEx Corp, the world's second-largest package delivery company, cut its profit outlook for the current quarter, saying weakness in the global economy was hurting de...

  4. FedEx Cuts Quarterly Profit View

    FedEx said late Tuesday profit for the quarter ended Aug. 29 will be below the company's original target. The announcement sent FedEx shares down 4% to $84 in after-...

  5. FedEx Will Offer Voluntary Buyouts to Employees

    FBN’s Ashley Webster with an afternoon market update, plus news that FedEx will offer voluntary buyouts to some of its U.S. employees.

  6. FedEx to Offer Voluntary Buyouts to Some Staff Based in U.S.

    FedEx Corp. (FDX) said Monday it will offer voluntary buyouts to an unspecified number of staff as the package shipper continues a keenly awaited restructuring of it...

  7. Japan and Greece GDP Numbers Hurting Futures

    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  8. FedEx to Offer Voluntary Buyouts to Some U.S. Staff

    FedEx Corp. (FDX) will offer voluntary buyout incentives to certain employees based in the U.S., mostly non-operational staff groups, as part of the shipping company...

  9. FedEx Offering Unspecified Number Of Staff Buyouts

    FedEx Corp. said Monday that it is offering voluntary buyouts to some U.S. staff as part of ongoing cost cutting. The company didn't specify how many staff are affec...

  10. FedEx to Offer Voluntary Buyout to Some U.S. Employees

    Package-delivery company FedEx Corp (NYSE:FDX) said it will offer voluntary buyout incentives to certain U.S.-based employees to reduce costs.    The company said it...

  11. FedEx's Tepid View Overshadows 4Q EPS Beat

    FedEx (NYSE:FDX) logged fiscal fourth-quarter results on Tuesday that exceeded expectations amid a 3.8% rise in revenue, but the shipping giant issued a disappointin...

  12. FedEx Buys Polish Shipper in Fight to Conquer Europe

    In its latest effort to expand in Europe and compete with rival United Parcel Service (NYSE:UPS), FedEx (NYSE:FDX) on Thursday said it was acquiring Polish shipping ...

  1. FedEx launches flexible delivery service

    FedEx Corp launched a new service to let customers select from a range of options to schedule dates, locations and times of delivery, catching up to rival UPS, which...

  2. FedEx's 2Q Net Sinks 12%, Tops Forecasts

    Hurt by the impact of Hurricane Sandy and slumping express profits, FedEx (NYSE:FDX) logged a 12% contraction in fiscal second-quarter profits on Wednesday, but the ...

  3. FedEx profit down 12 percent in wake of massive storm

    FedEx Corp reported an 11.9 percent drop in quarterly profit, hurt by higher costs and lower shipment volumes in the wake of Superstorm Sandy as well as its customer...

  4. FedEx Joins the Small Business Saturday Push with Consumer Gift Cards

    FedEx Corp.(NYSE: FDX) wants to encourage shoppers to think small this holiday season.

  5. FedEx Targets $1.7B in Annual Profit Growth

    FedEx (NYSE:FDX) is targeting $1.7 billion in annual profit growth over the next three years as it looks to sharply cut costs and streamline its operations through a...

  6. FedEx seeks $1.7 billion profit improvement over 4 years

    FedEx Corp said on Tuesday it plans to sharply cut costs at its underperforming express air freight and services divisions, seeking to improve profits at those opera...

  7. FedEx to cut costs, raise profitability of Express unit

    FedEx Corp , the world's second-largest package delivery company, plans to cut costs at its Fedex Express business to boost profitability amid slow growth in major e...

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