By Will Feuer

United Parcel Service said it has been awarded a significant air cargo contract by the U.S. Postal Service, a deal that builds on the parcel carrier's existing relationship with USPS.

The new deal will make UPS the primary air cargo provider for the USPS. UPS will move most of USPS air cargo in the U.S.

"Together UPS and USPS have developed an innovative solution that is mutually beneficial and complements our unique, reliable and efficient integrated network," UPS Chief Executive Carol Tome said.

Write to Will Feuer at

(END) Dow Jones Newswires

04-01-24 0624ET