The loss of USPS business. Merging Ground and Express. And now, a potential sale of its Freight business? It's been a big year for FedEx, and it's only July.
On June 23, UPS announced its plans to sell its leading global third-party logistics (3PL) provider, Coyote Logistics, to RXO. Less than a decade after acquiring the brand, UPS has agreed to sell it at a $775 million loss.
The price of a first class stamp will increase from $0.68 to $0.73 effective July 14, 2024
While the loss of USPS represents a significant loss of income for the carrier, Dietrich says FedEx is now free to "aggressively go after the network changes
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