FedEx Stock Dips After USPS Breaks Ties

FedEx Corp (NYSE:FDX) stock is slipping today, after the U.S. Postal Service officially opted to replace FedEx with rival United Parcel Service (UPS) as its primary air cargo carrier. FedEx warned of incoming changes in its annual report, as its contract with USPS ended this year after bringing in roughly $1.5 billion every year in revenue. At last check, FDX was down 1.6% at $285.05. The stock is still hanging out near its March 22 post-earnings two-year high of $291.27, and is well above all daily moving ...