The United States Postal Service (USPS) on Wednesday reported a net loss of $4.9 billion for the year ending Sept. 30, narrowing its losses over the prior year. USPS's operating revenue was $77 billion for the 2021 budget year, an increase of $3.9...
A bipartisan group of 20 U.S. senators introduced legislation on Wednesday to provide the cash-strapped U.S. Postal Service (USPS) with $46 billion in financial relief over 10 years. The U.S. House of Representatives Oversight and Reform Committee voted unanimously to approve companion legislation...
Israel plans to sell off 40 percent of its state-owned national postal service by bringing in a private investor and then listing shares on the Tel Aviv Stock Exchange, the Finance Ministry said on Monday. A ministerial committee approved the sale of 20...
Amazon.com Inc’s 20 percent hike in the cost of Prime membership should deliver more than $1 billion in extra revenue this year and cover any “rational” hike in United States Postal Service delivery fees, Wall Street analysts said on Friday. President Donald Trump...
Postal Savings Bank of China (1658) said yesterday it received a decision on an administrative penalty of about 500 million yuan (HK$600 million) issued by China's banking regulator, over a breach of rules and management standards by the bank's investment in the...