The United States Postal Service (USPS) has announced that it will not renew its contract with FedEx, effective September 2024. This decision marks a significant shift in the landscape of package delivery in the United States. While the exact reasons for the USPS's decision remain unclear, it is likely that a combination of factors played a role, including cost considerations, service quality, and negotiations between the two companies. Reflecting on the precious report from FedEx, they announced cost cutting measures and reported promising numbers. The report caused the opposite result where the Stock price Gapped-up. This is a maddening story in Investment swings and the rapid shifts in major Transports and their volumes.
A periodical exploring the art of investing, financial knowledge, and the stories that shape a meaningful life.