By Esther Fung
UPS shares rose as much as 1.1% Wednesday after the U.S. Postal Service said it is reopening access to its last-mile delivery network.
The postal service move reverses a policy, put in place in 2024 by then-Postmaster General Louis DeJoy, that restricted access to facilities that handled last-mile deliveries.
The idea was to get shippers to funnel more packages into the postal network earlier in the delivery process. But the move had hurt UPS because it depended on the Postal Service to help deliver lower-value, less urgent parcels. UPS was saddled with higher costs as a result and struggled with lightweight residential packages that don't offset its labor expense.
"We want to make this valuable service available to a wide range of customers that see the worth of last mile access-other logistics companies and retailers large and small," Postmaster General David Steiner said.
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(END) Dow Jones Newswires
December 17, 2025 12:22 ET (17:22 GMT)
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