Unless the U.S. Postal Service comes up with a turnaround plan to stop hemorrhaging money soon, taxpayers and consumers likely will be hit with a bailout bill of well in excess of $50 billion. Click here for the full article....
Seeking to bolster the ailing U.S. Postal Service, federal regulators moved on Friday to allow bigger jumps to stamp prices beyond the rate of inflation, a move that could eventually add millions more dollars to companies’ shipping rates from prescription drugs to magazine subscriptions. Click here for the full article....
Today, the Postal Regulatory Commission (Commission) issued its findings related to the statutorily mandated review of the system for regulating rates and classes for Market Dominant products that was first established in 2006 by the Postal Accountability and Enhancement Act (PAEA). The law required the Commission to review the past...
The U.S. Postal Service recently announced its Fiscal Year 2017 finances and once again it showed significant financial problems, including a $2.7 billion net loss. While down from a $5.6 billion net loss in Fiscal Year 2016, this marked the 11th consecutive year that the Postal Service lost money. Losses...
When President Dwight Eisenhower championed the construction of an interstate highway system in the 1950s, he stressed the military value of a modern road network. As former allied commander in Europe during World War Two, Eisenhower had seen how Germany's autobahn supported the movement of troops and supplies. Other backers...