Transportation Sector Review: FedEx and UPS Watch USPS Fail
United Parcel Service (NYSE:UPS), FedEx Corporation (NYSE:FDX): Talks among the U.S. Postal Service and two of its labor unions failed and were suspended on Friday, according to The Washington Post. The sides may now agree to engage in new talks with a mediator, the newspaper said.
UPS shares closed at $75.13, down $0.29, or 0.38%, on the day. Its market capitalization is $72.50 billion.
FDX shares closed at $91.06, down $0.51, or 0.56%, on the day. Its market capitalization is $28.64 billion.
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