FedEx Corporation, a global courier delivery services company, has announced that its subsidiary FedEx Express's contract with the United States Postal Service (USPS) for domestic transportation services will not be renewed upon its expiration on September 29, 2024. The contract termination was confirmed after the two parties failed to agree on terms for extension following extensive negotiations that concluded on March 29, 2024. Despite the impending end of the contract, FedEx Express will continue to fulfill its obligations, providing air transportation services within the United States and to Puerto Rico until the contract's expiration date. FedEx has previously indicated in its SEC filings that changes in USPS business or a failure to renew the contract could adversely affect FedEx's financial results and profitability. The company has included cautionary statements about forward-looking information, acknowledging the risks and uncertainties that could cause actual results to differ from expectations.

FedEx Corporation, a global courier delivery services company, has announced that its subsidiary FedEx Express's contract with the United States Postal Service (USPS) for domestic transportation services will not be renewed upon its expiration on September 29, 2024. The contract termination was confirmed after the two parties failed to agree on terms for extension following extensive negotiations that concluded on March 29, 2024. Despite the impending end of the contract, FedEx Express will continue to fulfill its obligations, providing air transportation services within the United States and to Puerto Rico until the contract's expiration date. FedEx has previously indicated in its SEC filings that changes in USPS business or a failure to renew the contract could adversely affect FedEx's financial results and profitability. The company has included cautionary statements about forward-looking information, acknowledging the risks and uncertainties that could cause actual results to differ from expectations.