Not every quarterly earnings report that matters comes from a publicly traded company.
Friday morning, the U.S. Postal Service reported a $3 billion loss for its fiscal third quarter. Investors should remember that the Post Office is a major logistics player, so its pricing and technology decisions affect public companies such as United Parcel Service (ticker: UPS) and FedEx (FDX). The latest USPS report shows strong pricing for the U.S. logistics industry, even as the Covid-19 pandemic’s impact on volume fades.
USPS…
