NEW NAME TO BE OFFICIAL SOON, USGLOBAL AIRWAYS, INC: usglobal.com. TICKER CHANGING TO: USGL

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Fedex and UPS are the largest global courier delivery services; FedEx has a net income of about $2 billion on revenues of $42 billion while UPS is larger, with a net income of about $3 billion and revenues of $53 billion. Both companies are headquartered in the U.S. but UPS has a larger market share in Europe and a larger share of its revenues come from Europe. FedEx has a larger fleet of airplanes while UPS has a larger fleet of ground vehicles. FedEx has a deal with the US Postal Service - the SmartPost Service - where FedEx picks up and processes e-commerce shipments and transports them via jet to their location, and USPS makes the final delivery to the recipient. Apple tends to use FedEx for handling its e-commerce shipments (often directly from China) while Amazon uses UPS much more frequently than FedEx.

http://www.diffen.com/difference/FedEx_vs_UPS

''Federal travelers are required by 49 U.S.C. 40118, commonly referred to as the "Fly America Act," to use United States air carrier service for all air travel and cargo transportation services funded by the United States Government. ''

http://www.gsa.gov/portal/content/103191?utm_source=OGP&utm_medium=print-radio&utm_term=openskies&utm_campaign=shortcuts

''With the Boeing 747 true wide-body aircraft, the Company intends to provide cargo service from JFK to St. Petersburg, offering containers, pallets, and block space arrangements. The Company expects to carry contract cargo for express shippers. The Company also plans to market its own “Baltia Courier”, “Baltia Express”, and “Baltia Priority” express service for letters and packages. The Company also expects revenues from diplomatic mail and cargo, under the Fly America Act.''

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