UPS to Become US Postal Service’s , Main Air Cargo Provider.
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
In fiscal year 2023, USPS paid FedEx $1.73 billion
for its services, down from the $2.4 billion
FedEx received in fiscal year 2020.
The decrease in payments was partially due
to the postal service using more economical
trucks in place of planes, CNBC reports. .
The parties were unable to reach
agreement on mutually beneficial
terms to extend the contract, FedEx, via securities filing.
Since FedEx will lose nearly $2 billion in annual
business from letting go of the contract, .
hundreds of pilots will likely
lose their jobs, CNBC reports .
Following the announcement, UPS shares
increased 1.4% while FedEx stock dropped 1.6%.
FedEx's current contract is
set to expire on Sept. 29
Credit: Wibbitz Top Stories Duration: 01:30Published
This Day in History: , Prince Dies.
April 21, 2016.
The iconic musician, 57,
was found dead at his estate,
Paisley Park, in Minnesota.
Prince had overdosed on fentanyl.
His death was ruled accidental.
Over the span of four decades,
Prince transcended genre and created
more than 30 albums, his first in 1978 for Warner Bros.
Prince often played all of the
instruments on the album himself.
He was charismatic and electrifying on stage.
His 1984 album 'Purple Rain'
sold 13 million copies. It was number one
on the 'Billboard' 200 chart for 24 consecutive weeks.
He won seven Grammy awards.
His final album was released in 2015,
just months before his death.
Few artists have influenced the sound and trajectory of popular music more distinctly, or touched quite so many people with their talent, President Obama, via History.com
Credit: Wibbitz Top Stories Duration: 01:00Published
"American Idol" alum and Grammy-winning singer Mandisa has died ... TMZ has learned. Her father confirms her death to TMZ ... telling us her death was unexpected.. TMZ.com
Taylor Swift and Travis Kelce won't make their big debut at the Met Gala, because they're passing on soaking up the spotlight at fashion's biggest night ... TMZ.. TMZ.com
Travis Scott says while many of his contemporaries have turned their back on the Grammys -- he's still holding out hope he can snag one ... 'cause he still finds.. TMZ.com
Rachel Zegler and Kit Connor are set to make their Broadway debuts in a new production of Shakespeare's 'Romeo + Juliet' this fall. The production will feature music by Grammy Award winner Jack Antonoff, who is also making his Broadway debut, movement by Sonya Tayeh (of 'Moulin Rouge! The Musical') and direction by Sam Gold. While few details have been released about this version of the Shakespeare classic, it promises an angrier take on the tale.
Credit: The Hollywood Reporter Duration: 01:34Published
Theranos Founder Elizabeth Holmes , Set to Begin Her 11-Year Prison Sentence.
On May 30, disgraced Theranos founder
Elizabeth Holmes is scheduled to report to prison
to begin her sentence of at..
Credit: Wibbitz Top Stories Duration: 01:31Published
Philippine human rights campaigner Leila de Lima moved a step closer to freedom on Friday as one of two drug trafficking charges levelled against her was dismissed. The 63-year-old former senator and..
![UPS to Become US Postal Service’s Main Air Cargo Provider [Video]](https://video.newsserve.net/300/v/20240401/1371541974-UPS-to-Become-US-Postal-Service-Main.jpg)
![This Day in History: Prince Dies (Sun., April 21) [Video]](https://video.newsserve.net/300/v/20240419/1373202622-This-Day-in-History-Prince-Dies-Sun.jpg)
![Rachel Zegler & Kit Connor to Make Broadway Debuts in 'Romeo + Juliet' | THR News Video [Video]](https://video.newsserve.net/300/v/20240416/1372840270-Rachel-Zegler-Kit-Connor-to-Make-Broadway.jpg)
![Theranos Founder Elizabeth Holmes Set to Begin Her 11-Year Prison Sentence [Video]](https://video.newsserve.net/300/v/20230530/1353444438-Theranos-Founder-Elizabeth-Holmes-Set-to-Begin-Her.jpg)
![Fetty Wap has been sentenced to six years in prison for drug trafficking [Video]](https://video.newsserve.net/300/v/20230525/1353209379-Fetty-Wap-has-been-sentenced-to-six-years.jpg)
![Drug trafficking charge against Philippine rights campaigner dismissed [Video]](https://video.newsserve.net/300/v/20230512/1352629692-Drug-trafficking-charge-against-Philippine-rights-campaigner-dismissed.jpg)
