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Friday, July 20, 2012

FedEx competing with UPS for USPS transportation contract

  FedEx says it could lose lucrative postal contract

"...The amount is large, but it's still a relatively small portion of FedEx total revenues, which reached $42.7 billion in fiscal 2012, which ended May 31, analysts said. "The loss of that business would be a significant interruption, but I think there's a relatively low likelihood they would lose it," said Donald Broughton, analyst with Avondale Partners LLC...."

Reference: www.knoxnews.com