Fedex Express extends transportation contract with United States Postal Service

FedEx Express has entered into an extension to the express air transportation contract with the United States Postal Service originally executed on April 23, 2013. The contract modification extends the agreement through September 29, 2024. The modified contract is expected to generate revenue of approximately US$1.5bn per year for FedEx Express. FedEx Express will provide airport-to-airport transportation of USPS Priority Mail Express and Priority Mail within the United States.