USPS confirms July 4 shutdown, parcel investors brace for split in mail, markets
Saturday’s Independence Day has led to an unusual schedule for shippers and markets in the U.S. The mail is still running Friday, but cash equity markets aren’t. For United Parcel Service and FedEx investors, this is more than a simple holiday statement. The worry is about just how much low-cost parcel volume now relies on USPS rates and last-mile work. The Postal Service said Post Offices will be closed on July 4 for Independence Day, with regular mail and retail service back on July 6. Locations and deliveries will operate normally on July 3. Big Island Now reported the same schedule for Post Offices in Hawaii on July 1.