Topic
postal service
Logistics India Post crosses Rs 4,000 crore quarterly revenue for first time; Q1 turnover jumps 22%
India Post's Q1 FY27 revenue crossed Rs 4,000 crore for the first time, reaching Rs 4,008 crore, a 22.2% increase year-on-year. The parcel vertical grew 50%, highlighting strong last-mile delivery demand. The milestone was announced by Union Communications Minister Jyotiraditya Scindia.
Logistics Indian Post Revenue Surges 22.2% in Q1 FY2026-27, Driven by Parcel Modernization and E-Commerce Partnerships
India Post reported a 22.2% year-over-year revenue increase to ₹4,008 crore in Q1 FY2026-27, marking the first double-digit growth in its history. The growth is attributed to parcel modernization and partnerships with major e-commerce platforms like Flipkart and Shiprocket, signaling enhanced last-mile delivery capacity for logistics operators.
Logistics Postal Service Moves Half of Long-Distance Mail by Air Just to Satisfy UPS Contract
The U.S. Postal Service is flying 50% of long-distance First-Class mail by air to meet minimum volume commitments under its new UPS air cargo contract, according to a report by the Office of Inspector General. This contradicts the Postal Service's Delivering for America plan to shift more mail to cheaper surface transportation. The contract, valued at over $10 billion, has forced USPS to put marketing mail on planes for the first time.
Logistics US Postal Service Averts Immediate Shutdown but Faces Liquidity Crisis by 2031, Warns Postmaster General
The U.S. Postal Service has avoided a 2027 shutdown through deferrals, but Postmaster General David Steiner told a Senate panel that the agency is nearly $31 billion in debt with only $8.9 billion cash on hand. Mail volume has halved since 2000, while addresses grow by 1 million annually. Steiner presented a stark choice: allow USPS to operate independently or subsidize universal service to support a $2 trillion mailing industry.
Logistics Canada Post to End Door-to-Door Delivery for 620K Addresses by 2027
Canada Post announced it will convert 485,000 additional addresses in 37 communities to community mailboxes in 2027, plus 136,000 previously planned, ending door-to-door delivery for a total of 620,000 addresses. The move is part of a restructuring after a record $1.15 billion loss in 2025 and eight consecutive years of losses. Shippers will need to adapt to centralized delivery for a growing share of Canadian addresses.
Logistics Canada Post Faces 17.2% Parcel Volume Decline in Q1
Canada Post experienced a 17.2% drop in parcel volumes in Q1, resulting in a significant financial loss. This decline is attributed to labor disputes and operational changes.
Logistics DHL Partners with USPS for $10B Last-Mile Delivery
DHL eCommerce has secured a $10 billion contract with the U.S. Postal Service for last-mile parcel delivery. This strategic move aims to leverage USPS's extensive delivery network, enhancing efficiency and reach for DHL's e-commerce services.