The Daily | July 2, 20245
One of the largest food shipper bankruptcies in recent years involves Del Monte Foods filing for Chapter 11, impacting logistics providers like Uber Freight, which is owed $9 million. While pre-bankruptcy amounts are unsecured and repayment remains uncertain, there's hope that post-filing services may be paid more promptly under tighter court oversight and credit restraints. The U.S. Postal Service has expanded new delivery standards nationwide in its second phase, aiming to boost efficiency and slash costs by an estimated $36 billion over the next decade. This revamp involves consolidating…
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