10 Roads Express to shut down operations, end USPS contracts

The 10 Roads group of companies — one of the largest U.S. mail haulers — announced Monday it will wind down all operations over the next 60 days and cease service to the U.S. Postal Service (USPS) by Jan. 30, citing steep revenue losses tied to major USPS network changes.

In a statement to FreightWaves, the company said it has faced “continued and significant headwinds” across the transportation sector, compounded by fundamental operational shifts at USPS over the past two years.

Those changes include increased use of brokers and the insourcing of transportation work — a trend that 10 Roads said has resulted in a 70% loss of revenue with expectations of further declines, company officials said.

10 Roads Express to shut down operations, end USPS contracts – FreightWaves

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