U.S. Postal Service Statement on Award to United Parcel Service, Inc. for Contract to Support Air Cargo Transportation - Statements - Newsroom (2024)

The United States Postal Service (USPS) awarded the United Parcel Service, Inc. (NYSE:UPS) an air cargo services contract under which UPS will provide air transportation services to USPS. The letter contract, which was issued on April 1, 2024, calls for a five-and-a-half -year minimum base term. Implementation of the new contract is scheduled to begin on Sept. 30, 2024.

The Postal Service’s decade-old contracts for air cargo services will expire later this year. Our requirements were reevaluated in light of the dramatic changes in the mailing and shipping marketplace that have occurred since our 10-year Delivering for America plan was initiated in March 2021.

A core strategy of the Postal Service’s Delivering for America plan is to optimize and improve the efficiency of both national and local transportation. Our objective in this area is to reduce our overall transportation cost by $3 billion over the next two years, including $1 billion in airfreight cost savings already achieved. Finalizing this agreement is a key step toward achieving our operational and financial sustainability goals.

U.S. Postal Service Statement on Award to United Parcel Service, Inc. for Contract to Support Air Cargo Transportation - Statements - Newsroom (2024)

FAQs

Is United Postal Service the same as United Parcel Service? ›

What is the Difference Between UPS and USPS? Generally, USPS is designed to ship smaller packages and mail quickly and cost-effectively, while UPS is more affordable for shipping larger parcels worldwide. Both UPS and USPS are two very different entities. The main difference stems from their very different backgrounds.

What is the postal service vision statement? ›

To serve the American people and, through the universal service obligation, bind our nation together by maintaining and operating our unique, vital and resilient infrastructure.

How to get a contract with the United States Postal Service? ›

If you are interested in becoming a USPS Contract Postal Unit supplier, please send us your contact information (include your business name, complete business address, and phone number). A local USPS representative will contact you with more information. Email us at AlternateAccess@usps.gov.

Is United Parcel Service the same as UPS? ›

United Parcel Service, Inc.

(UPS) is an American multinational shipping & receiving and supply chain management company founded in 1907.

What is the difference between parcel and postal service? ›

Parcel post is a postal service for mail that is too heavy for normal letter post. It is usually slower than letter post. The development of the parcel post is closely connected with the development of the railway network which enabled parcels to be carried in bulk, to a regular schedule, and at economical prices.

What is the purpose of United Parcel Service? ›

United Parcel Service Inc (UPS) is a provider of package delivery and supply chain management solutions. The company's operations include transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance.

What is the purpose of the vision statement? ›

A vision statement is a declaration of an organization's objectives. This statement can serve as a guide for the business, indicating a defined direction for growth and goals. As a company grows, its vision statement may change slightly to adapt to differing needs, but the main idea typically remains the same.

What does a vision statement ask? ›

A vision statement outlines the company's long-term goals and aspirations for the future in terms of its long-term growth and impact on the world. Your mission defines what your organization does and what you stand for, while your vision statement speaks to your goals and ideals for the future.

What should a vision statement reveal? ›

Download 250 Examples

The vision statement describes the future of the organization. It reveals what the company aspires to be or hopes to achieve in the long-term.

Do you have to pay to apply for the United States Postal Service? ›

The USPS does not charge for employment information or for taking a postal exam. If you are concerned about a company's ad for USPS employment, contact: Federal Trade Commission: 1-877-FTC-HELP (382-4357) or on the Internet at http://www.ftc.gov.

Who are the largest contractors for the USPS? ›

As it has for over 20 years, FedEx leads the list as the Postal Service's top supplier, with $1.6 billion in revenue.

Who pays for the United States Postal Service? ›

No, the Postal Service is generally self-funded. This means that no tax dollars are used to keep the lights on at its many facilities across the country. The Postal Service, instead, relies on the revenue it generates from the sale of stamps, products, and services to fund its operations.

Who owns United Parcel Service? ›

The ownership structure of United Parcel (UPS) stock is a mix of institutional, retail and individual investors. Approximately 45.29% of the company's stock is owned by Institutional Investors, 0.38% is owned by Insiders and 54.33% is owned by Public Companies and Individual Investors.

What is the mission statement of the United Parcel Service? ›

UPS Mission Statement

“What We Seek to Achieve: Grow our global business by serving the logistics needs of customers, offering excellence and value in all that we do. Maintain a financially strong company-with broad employee ownership-that provides a long-term competitive return to our shareowners.

Is UPS owned by USPS? ›

UPS and USPS are two separate entities, even though their services may overlap. USPS is a government-owned postal service, and it has been around for over 200 years. On the other hand, UPS is a private company that provides package delivery services worldwide.

What is US Postal Service called? ›

U.S. Postal Service (USPS) USAGov.

Do UPS and USPS work together? ›

We compete and collaborate. The Postal Service both competes and collaborates with the private sector. UPS and FedEx pay the Postal Service to deliver their ground packages, and the Postal Service pays UPS and FedEx for air transportation.

How do I track a package with United Postal Service? ›

Whether you are the sender or recipient, you can track your item:
  1. Online: Use USPS Tracking® on the United States Postal Service® website.
  2. By text: Send a text to 28777 (2USPS) with your tracking number as the content of the message. ...
  3. By smartphone: Download the USPS Mobile® app for iPhone® and Android™.
  4. By phone:

Does UPS use the Postal Service? ›

UPS Mail Innovations works with the U.S. Postal Service, providing the pick-up, processing and interim transportation of mail. Then, final delivery of your package is made by domestic and international postal services. What number do I use to track my mail piece?

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