Transportation

US

US Postal Service records whopping $6.5 billion net loss for 2023

The United States Postal Service on Tuesday reported a $6.5 billion net loss for fiscal year 2023. The USPS said operating revenue fell $321 million to $78.2 billion compared to the same period last year, as first-class mail fell to the lowest volume since 1968.

Markets

Ford announces F-150 production restart

Ford’s Rouge Electric Vehicle Center is up after a six-week break in production to expand and retool the plant for increased manufacturing capacity of the F-150 Lightning.