FedEx Express has entered into a new seven-year transportation agreement with the United States Postal Service (USPS) under which FedEx Express will provide domestic air transportation services to the USPS for Priority and Express Mail.
The agreement is expected to generate approximately $10.5 billion in revenue for FedEx Express over its term, which begins on October 1, 2013, and ends on September 30, 2020. The agreement begins at the expiration of the existing seven-year transportation agreement dated July 31, 2006, between FedEx Express and the USPS. A copy of the new agreement will be filed as an exhibit to FedEx’s annual report on Form 10-K for the fiscal year ending May 31, 2013.