Parcel

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Parcel providers are expected to keep pushing shippers hard on price and profitability.

But long term outlook is helped by April passage of postal reform act, easing payment of employee health and retirement benefits.

Biden expected to sign legislation as DeJoy cheers conversion of retiree health benefit funding structure to federal Medicare program.

Deal unveiled same day that next-day package delivery firm Veho raises $125 million to join logistics unicorns.

Change is latest move since company was acquired in $6.6 billion private equity deal.

Tobias Meyer, currently DHL’s CEO of Post & Parcel Germany, will replace 13-year veteran Frank Appel.

USPS reports annual loss of $4.9 billion as profitable postal mail volumes continue to shrink while number of labor-intensive packages rise.

Impact caused by a clash of holiday inventory surge with a shortage of trucks on the road, ATA says.