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Shares of FedEx (NYSE:FDX) are up 1.6% premarket off of news that the company will provide air...

Apr. 24, 2013 8:50 AM ETFedEx Corporation (FDX) StockFDX, UPSBy: Clark Schultz, SA News Editor
Shares of FedEx (NYSE:FDX) are up 1.6% premarket off of news that the company will provide air transport services for the USPS. The new contract to fly Express Mail and Priority Mail kicks in during October. Quick reaction to the deal: An obvious win for FedEx, but even more so considering UPS was expected to land 20% to 30% of the business.

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