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.
“Our industry has been navigating unprecedented challenges, and despite the dedication of our employees and leadership, the realities of the industry have become impossible to overcome,” a spokesperson for 10 Roads said. “This decision was not made lightly, and we are grateful for the years of dedicated commitment and professionalism of our entire team.”
