United Parcel Service, US Postal Service ink pact

United Parcel Service Inc. ups and the U.S. Postal Service reached agreement on a deal that will put mail on planes of the package-delivery company and could improve the post office’s reliability, The Wall Street Journal reported Wednesday, citing unnamed people familiar with the matter said. Terms of the arrangement call for UPS to begin flying mail for the Postal Service on Saturday, in what could generate revenue of more than $100 million a year for UPS, the report said. FedEx Corp fdx has a $1.3 billion annual contract with the Postal Service in a wide-ranging partnership launched in 2001, the report said.