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The United States Postal Service filed a notice with the Postal Regulatory Commission (PRC) that it would implement a temporary 8% rate increase on several of its services

“The most profitable peak in our FedEx history.” That’s how FedEx CEO and President, Raj Subramaniam, described the carrier’s holiday season in the Q3 Fiscal Year 2026 earnings call on March 19.

It was a big week for FedEx. For the first time in the company’s 55-year history, it overtook UPS as the largest parcel carrier by market value.

The carrier is making cuts across the board in hopes of increasing its revenue