US Post to restructure

The US postal service might cost FedEx about US$400 million as it attempts to restructure its distribution to save money next year.

Revenue from Postal Service express, priority and first-class mail could drop to less than US$1 billion annually.

Some savings will come from reducing its total transportation expenditures, almost US$6 billion, with US$1.4 billion currently spent on FedEx.

 

US Post to restructure

The US postal service might cost FedEx about US$400 million as it attempts to restructure its distribution to save money next year.

Revenue from Postal Service express, priority and first-class mail could drop to less than US$1 billion annually.

Some savings will come from reducing its total transportation expenditures, almost US$6 billion, with US$1.4 billion currently spent on FedEx.