Skip to main content

USPS reports $1.3 billion fiscal first quarter loss

The United States Postal Service (USPS) reported earlier today that, for the Fiscal Year (FY) 2022 first quarter, it had an adjusted loss of roughly $1.3 billion, much steeper than the $288 million adjusted loss it saw, for the same quarter last year. And USPS said that on a “generally accepted accounting principles basis, the USPS had a net loss of around $1.5 billion for the quarter, compared to $318 million in net income a year ago.

source https://www.supplychain247.com/article/usps_reports_1.3_billion_fiscal_first_quarter_loss

Comments

Post a Comment

Popular posts from this blog

How Rising Inflation is Disrupting the Electronics Components Supply Chain

The worldwide inflation trend is causing problems in the electronic components supply chain by making parts more expensive and harder to procure, but mitigation methods exist to help OEMs, CMs, and EMS providers overcome the new challenge. source https://www.supplychain247.comhttps://www.supplychain247.com/paper/how_rising_inflation_is_disrupting_the_electronics_components_supply_chain
Post a Comment
Read more

Transplace’s OptiPro focuses on shipment collaboration and LTL pooling

Earlier this month, Frisco, Texas-based Transplace, a non-asset-based third-party logistics services provider and subsidiary of Uber Freight, rolled out a new addition to its Transplace Network Services offerings, with a new tech-enabled service—entitled OptiPro—that identifies cross-customer opportunities for both LTL (Less-than-Truckload) and partial truckload freight. source https://www.supplychain247.com/article/transplaces_optipro_focuses_on_shipment_collaboration_and_ltl_pooling
Post a Comment
Read more

Freight Payment: What stage are you in?

Shippers of all sizes should be reviewing their freight payment process. If you’re not getting routine data automatically with each paperless freight transaction, you’re doing freight payment and not freight settlement. What stage are you in? source https://www.supplychain247.com/article/freight_payment_what_stage_are_you_in
Post a Comment
Read more