Q1 rates were higher than expected as UPS and FedEx rolled out price increases, per the TD Cowen/AFS Freight Index.

USPS Ground Advantage vs. UPS and FedEx: Who’s winning the parcel game (and is it shippers)?
The parcel delivery market is evolving rapidly, with the United States Postal Service (USPS) expanding its parcel business through Ground Advantage, a shipping service that