Thursday, January 24, 2013

Gov. Awards More Federal Shipping to FedEx, UPS than USPS

The U.S. Postal Service, required to send congressional letters at reduced rates, can’t win regular business from the federal government, according to an inspector general’s report.
Private-sector competitors led by FedEx Corp. (FDX) and United Parcel Service Inc. (UPS) “consistently” have more than 98 percent of the $337 million annual shipping spending by federal agencies, according to the Jan. 18 report.