The U.S. Postal Service continues to bleed red ink. In its fiscal 2023 third quarter, which ended June 30, the Postal Service lost $860 million on an adjusted, non-GAAP basis, compared with an adjusted $459 million loss. On a GAAP basis, the...
The U.S. Postal Service is canceling its mail contract with a California-based trucking company with a history of safety violations and drivers who were involved in two fatal crashes in the past two years. “The Postal Service reviewed the association with Caminante[s] Trucking...
It’s almost the most wonderful time of the year again, at least for consumers. For shippers and carriers, it’s a different story. If you asked 10 logistics professionals when peak shipping season is, you would likely get 10 different answers. Some will claim...
The phrase “freight broker” is rather boring, I will admit it. As snoozy as those words may make you feel, these brokers are key to making sure stuff gets on trucks and across the country. Since deregulation wrested trucking from the control of...
FedEx Corp. said Wednesday that it has completed the integration of its last-mile delivery operations formerly handled by the U.S. Postal Service, and has rebranded the service to FedEx Ground Economy from FedEx SmartPost. Memphis, Tennessee-based FedEx has said for several years that...