A $40 billion, 10-year plan to modernize U.S. Postal Service operations and cut losses is getting off to a rough start. Packages at a new 1 million-square-foot sorting facility outside Atlanta have been toppling onto the floor and trucks have been lined up for hours outside waiting for space at the loading docks while Georgia residents complain that crucial mail hasn’t been delivered in weeks. The WSJ’s Esther Fung reports that Postmaster General Louis DeJoy is pressing ahead with an overhaul that includes a dozen new regional centers designed to process higher volumes. If the Postal Service stays put and pays all its bills, he says, it will soon run out of money. The effort has high stakes for the U.S. parcel sector because the USPS is a crucial piece of e-commerce fulfillment. DeJoy also wants to get more revenue from ferrying parcels over longer distances, not just for final-mile deliveries.

Trucking capacity appears to be contracting as a persistent downturn in freight demand depresses rates and carrier earnings. The sector lost a seasonally-adjusted 5,400 jobs in May from a month earlier, the WSJ Logistics Report’s Paul Berger writes, a contraction that suggests smaller operators and independent drivers are withdrawing from the market because of the economic strain. Last month’s pullback was the largest monthly decline in the sector since August 2023 and left trucking payrolls down 29,600 jobs over the past year. Various measures show freight shipments have been weak this year while rates have been sputtering well below the levels of two years ago. Industry executives say slimming capacity could pump up prices, and there are signs more volume is on the way. U.S. container imports are growing, suggesting more consumer goods are heading into domestic networks and raising the prospects of an early peak shipping season.

• Freight broker C.H. Robinson Worldwide named GE Aerospace executive Damon Lee as its next CFO to replace the retiring Mike Zechmeister. (Dow Jones Newswires)

The union representing Canadian border agents is delaying any potential strike action until Wednesday. (WSJ)

The U.S. economy added 272,000 jobs in May and average hourly wages rose 4.1%. (WSJ)

China’s exports grew at a faster 7.6% pace in May, and shipments to the U.S. rose 3.6%. (WSJ)

Wholesale inventories in the U.S. edged up 0.1% in April. (MarketWatch)

Germany’s imports expanded 2% in April, outpacing export growth. (WSJ)

U.S. regulators settled on a less stringent set of fuel-efficiency standards for light-duty cars and pickup trucks. (WSJ)

Samsung Electronics unionized workers staged what they called the first-ever strike at the South Korean technology giant. (WSJ)

JP Morgan says power demands for new artificial intelligence data centers could exacerbate a global copper squeeze. (WSJ)

India plans to set up a new shipping company to expand its commercial fleet by at least 1,000 ships in the next decade. (Reuters)

Dark fleet tankers carrying sanctioned Russian oil hauled record crude volume in May. (Lloyd’s List)

Russian and Chinese operators formed a joint venture to develop a fleet of containerships to work the Arctic Northern Sea Route year-round. (Splash 247)

Hitachi Energy plans to spend $4.5 billion in Sweden and India to expand capacity to produce power grid equipment. (Nikkei Asia)

Express landlords Simon Property Group and Brookfield Properties are teaming with WHP Global in a bid for the bankrupt retailer. (Retail Dive)

Financially-strapped California State University Maritime Academy is considering merging with California Polytechnic State University. (AJOT)

The U.K.’s Manchester Airports Group wants to expand its business of managing other airports internationally. (Financial Times)

The Hackett Group says cost-cutting has moved back to the top of the priority list this year for procurement executives. (Supply Chain Dive)

Paul Page is editor of WSJ Logistics Report. Reach him at paul.page@wsj.com.

Follow the WSJ Logistics Report team: @PaulPage, @bylizyoung and @pdberger. Follow the WSJ Logistics Report on X at @WSJLogistics.