Dutch Bros posted another strong quarter and raised its guidance for same-store sales, revenues and adjusted EBITDA. The fast-growing drive-thru coffee chain also continued to expand its footprint during the second quarter, opening 31 new shops across 13 states, for a total of 1.053 locations in 19 states. It remain on track to open “at least” 160 new shops this year. Dutch Bros said it expects to have 2,029 locations by 2029. “If there’s one takeaway from today’s call, it is this: Dutch Bros is in growth mode and we are just getting started,” president and CEO Christine Barone told analysts on the company’s earnings call. “With a long term addressable market of 7,000 shops nationwide and just north of 1,000 shops today, the runway ahead is expansive.”

The Postal Regulatory Commission (Commission) issued an in-depth analysis of the Postal Service’s Delivering for America (DFA) initiatives proposing nationwide changes to mail service. While the Commission acknowledges the challenges the Postal Service faces are significant, and change is essential, the Commission finds the Postal Service is irreversibly changing its network without laying a foundation for success. First, the Postal Service’s plan depends on defective modeling and does not appear to be ready for implementation. Second, the Postal Service relies on overly optimistic and unsubstantiated financial projections for cost savings that are not likely to improve the financial health of the Postal Service. Third, the Postal Service’s proposal has significant negative impacts on rural communities throughout the United States.

FedEx Express operating results improved in the fourth quarter driven by revenue management actions, including increased fuel surcharges. Global volume softness, driven by COVID lockdowns, geopolitical uncertainty, and slower economic growth, partially offset the year-over-year improvement. FedEx Ground operating results declined primarily due to higher self-insurance accruals and increased purchased transportation and wage rates. These costs were partially offset by higher revenue per package, including increased fuel surcharges. Average daily volume declined primarily due to yield management actions affecting the FedEx Ground Economy service. FedEx Freight operating results sharply increased, with operating margin improving 570 basis points to 21.8%. The improved results were driven by a 28% increase in revenue per shipment from the continued focus on revenue quality and profitable growth.