PostalReporter.com Blog

 USPS moving to take on large numbers of shipments caught in transit -

 From Air Cargo World

APX Logistics, the country’s largest parcel consolidator, ceased operations on Thursday. One senior executive said majority owner Heritage Partners had decided the business should file for Chapter 11 bankruptcy protection.

USPS spokesman, Gerald McKiernan said the Postal Service is trying to arrange alternative providers but “in the meantime, the postal processing network will fill in the gaps.

 ”APX says it handles about 250 million packages annually through the U.S. Postal Service - more than any other carrier - and operates more than 400 trucks out of 47 facilities nationwide that manage more than 200,000 truckloads a year.

“MULTICHANNEL MERCHANT has heard from several sources that Santa Fe Springs, CA-based third-party logistics provider APX Logistics will file for Chapter 11 bankruptcy protection before the start of business March 16.

Several sources confirm that the company will also no longer be serving the small parcel/small package business for the U.S. Postal Service. After midnight of March 15, the company will no longer process its small packages/small parcels.

According to its Website, APX Logistics claims to be the USPS’s leading package partner and its largest Parcel Select mailer. It processes more than 250 million packages and manages more than 200,000 truckloads a year. The company employs more than 1,850 workers and has 47 facilities nationwide.