Industry News

United Parcel Service reports second-quarter earnings Tuesday before the market opens, with investors focused on whether the delivery giant can validate its promise of a second-half turnaround after a sluggish start to 2026. Analysts expect UPS to post earnings of $1.67 a share on revenue of $21.82 billion, representing year-over-year growth of 7.7% and 2.9%, respectively. Investors want confirmation that the worst is behind the company, and that cost realignment is keeping pace with lost revenue.

U.S. Rep. Dale Strong (R-Huntsville) has introduced legislation that would prohibit performance-based bonuses for the U.S. Postmaster General in years when the Postal Service fails to meet delivery standards or financial benchmarks. Strong’s office said the Postal Service has reported more than $25 billion in net losses over the past three fiscal years, including a $9 billion loss in fiscal year 2025. “The United States Postal Service loses billions per year, yet the Postmaster General still receives performance-based bonuses nearing $200,000,” Rogers said.

Free Franklin Post Office in Philadelphia. Both the selection of the Post Office’s site and its “B. Franklin was appointed postmaster general under the authority of the Second Continental Congress and served from 1775-1776.

The postmaster general remains eligible for performance-based bonuses despite the Postal Service reporting more than $25 billion in net losses during the past three fiscal years, including a $9 billion loss in fiscal 2025. “When USPS is losing billions of dollars, failing to meet service standards, and falling short of basic financial accountability, taxpayers should not be expected to foot the bill for performance bonuses. “The Postal Service has lost billions of dollars while Americans continue to deal with delayed mail and declining service, yet executives are still eligible for hefty bonuses,” Palmer said.

OMERS ADMINISTRATION Corp increased its position in shares of FedEx Corporation ( NYSE:FDX- Free Report) by 104.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The shares were sold at an average price of $324.56, for a total transaction of $1,636,431.52. HSBC cut their price objective on FedEx from $360.00 to $289.89 and set a "hold" rating on the stock in a research report on Monday, June 1st.

The driver and passenger of a FedEx truck were hospitalized in critical condition after being struck by a train. ITASCA, Texas (WFAA/CNN Newsource/WKRC) - The driver and passenger of a FedEx truck were hospitalized in critical condition after being struck by a train. Authorities said there were no crossing arms or sirens because the incident occurred on a private road.