The U.S. Postal Service says it lost $2.2 billion in the three months that ended in June as the beleaguered agency — hit hard by the coronavirus pandemic — piles up financial losses that officials warn could top $20 billion over two years.
August 7, 2020Logistics 100 | Freight Brokerage | Dry Storage Warehousing | Refrigerated Warehousing | Dedicated | Ocean Freight | Airfreight
Top Ocean Freight Forwarders
No rankings are available for this year.
Extras
USPS Loses $2.2 Billion in 3 Months as Virus Woes Persist
UPS to Levy Holiday Surcharges as Home Deliveries Climb
United Parcel Service Inc. will apply hefty surcharges on its biggest customers during the holiday peak season to help manage an avalanche of residential deliveries spurred by the coronavirus pandemic.
Supply Chain Risk Grows as Weary Crews Halt Ships and Clog Ports
A new risk to global supply chains is emerging as exhausted seafarers stuck offshore for months halt work, a breaking point caused by restrictions on crew changes amid coronavirus precautions.
UPS, FedEx Gear Up to Ship COVID-19 Vaccine When Ready
UPS and FedEx are among the companies hard at work on strategies to ship a COVID-19 vaccine safely around the world once it is ready.
USPS Election Role Becomes Flashpoint in Stimulus Talks
House Democrats want to throw a financial lifeline to the struggling U.S. Postal Service amid concerns that mail delays could lead to hundreds of thousands of legitimate votes being thrown out, potentially skewing the election. Senate Republicans say the money isn’t needed.
C.H. Robinson Tweaks Freightquote for Small Businesses
C.H. Robinson is rolling out enhancements to its Freightquote service for small businesses that the company said will help owners who deal infrequently with the complexities of shipping and logistics and those who might be new to it.
East Coast Ports Continue to Assess Damage From COVID-19
The nation’s East Coast ports continued to be battered by lower imports from overseas in June because of the COVID-19 pandemic.
Trade Gap Narrows as Autos Spur Record Exports Increase
The deficit in U.S. trade of goods and services narrowed in June for the first time since February as exports jumped, though shipments remained well below pre-pandemic levels.
Smithfield Goes On Defensive Over COVID-19 Response
Smithfield Foods Inc. is defending its efforts to keep employees safe and supply food to the nation during the coronavirus pandemic.
Patriot Transportation Posts Net Profit on Lower Revenue for Fiscal Q3
Patriot Transportation Holding posted an increase in net income on declining revenue for its fiscal third quarter, the company reported July 29.