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.”
10 Roads said additional communication about the wind-down will be shared with stakeholders in the coming days.
The company, which has provided mail-haul transportation to USPS for more than 47 years, said it has formally notified USPS of its intent to discontinue service. “We remain very appreciative of our long-standing relationship with the USPS and are committed to supporting a smooth transition,” the spokesperson added.
The shutdown comes during a turbulent year for the 10 Roads Express, which had been locked in a labor dispute with the Teamsters. A multistate strike that began in February involved several hundred unionized drivers. Company officials said the labor dispute with the Teamsters was resolved in June, and did not factor into the decision.
10 Roads employees were informed of the impending closure in an internal memo stating that the company will continue normal operations through Jan. 30.
According to the SearchCarriers dashboard inside of SONAR, 10 Roads Express had 2,462 trucks and employed 2,606 truck drivers. The postal carrier represents the largest trucking shutdown since Yellow filed bankruptcy in 2023. The closure could have a significant impact on postal linehaul operations, especially with their failed recent attempt to eliminate non-domiciled CDLs from their carrier operations.
Related: Lengthy Teamsters strike against 10 Roads Express may be ending soon
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