The U.S. Postal Service (USPS) is betting inflation is going to soar through 2024. It also believes that it should be able to bank inflation adjustments faster than Social Security recipients and members of the Armed Forces. In an opaque filing with the Postal Regulatory Commission (PRC) on September 15, USPS...
The U.S. Postal Service has been cheating mail carriers out of their pay for years, according to a new investigative report. Some workers say they've been shorted thousands of dollars in unpaid wages. Listen to the full segment here....
Still sending snail mail? Tell your penpal the cost of exchanging letters is about to go up. The U.S. Postal Service is set to raise stamp prices this Sunday, increasing the cost of regular postage by 5.5%. First-Class Mail Forever stamps, as well as the cost of mailing a single-piece, 1-ounce letter, will...
The U.S. Postal Service is planning to hire 100,000 employees in 2021, looking to fill vacancies that have contributed to logjams in the mailing agency’s network and widespread delivery delays. Since nearly the outset of the COVID-19 pandemic, postal management has cited high rates of employee unavailability as a leading cause...
Postmaster General Louis DeJoy purchased up to $305,000 in bonds from an investment firm whose managing partner also chairs the U.S. Postal Service’s governing board, the independent body responsible for evaluating DeJoy’s performance. Between October and April, DeJoy purchased 11 bonds from Brookfield Asset Management each worth between $1,000 and $15,000,...
The U.S. Postal Service is proposing to make businesses and individuals pay more to ship packages during the holiday season, coinciding with USPS delivery changes that will slow down some first-class mail. Under the proposal, customers can expect to pay from 25 cents more for packages up to 10 pounds, up...