Receive FREE Newsletter
Advanced Search
+

News / 'Outdated' network blamed for huge revenue loss at USPS logistics unit

USPS Foto 198693472 © Alexander Mirt Dreamstime.com
By

Its “outdated network” has been blamed for revenue for the US Postal Service shipping and packages unit ’fell off a cliff’ during the second quarter.

Total quarterly losses hit $3bn, the logistics wing one of the biggest losers, with a $646m drop in income and a ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.
Current subscriber
New subscriber

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    e-commerce FedEx UPS US Postal Service (USPS)