USPS – insourcing is killing the contractors that built its network
‘You are not a business, but a cost line on someone else’s P&L’
© Alexey Novikov
By Mike Weir
A good way to lose money over the past year would have been to buy shares in Ryder System, Inc.
The US truck sales/leasing & supply chain management company dropped from $66 last April to $37 now on the stock exchange, with no sign of the runaway slowdown, umm, slowing, and plenty of stormclouds on the horizon.
(Here’s our previous take at Premium following the release of its Q4 ’19 and annual numbers last month.)
As ever, after the latest earnings release, management spent a ...
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