USPS may get more aggressive on price with UPS and FedEx
"... We estimate FedEx (ticker: FDX) generates $1.2 billion to $1.3 billion in annual revenue by flying virtually all Priority Mail that ships to zones five to eight. In its May quarter, FedEx reported average daily domestic airfreight (including Priority Mail) fell by nearly 15%, so clearly, FedEx is facing pressures in domestic airfreight outside of Priority Mail. Deteriorating volume trends could make USPS more aggressive in winning bids ..."
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