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 Trust Scheme. Read more here....
The U.S. Postal Service (USPS) is as determined as ever to make customers pay more as they defend ludicrous schemes keeping the agency deep in debt. The cost of First-Class postage is slated to increase from 49 to 50 cents on Jan. 21 as part of a desperate move by postal...
NPR's Robert Siegel speaks with Bloomberg Businessweek reporter Devin Leonard about President Trump's tweet saying the U.S. Postal Service should charge more to deliver Amazon packages. Leonard wrote a book about the U.S. Post Office called Neither Snow nor Rain. Read more here....
After a year of study, the United States Postal Service has announced what images and subject matter it will allow on computer-generated postage created by Stamps.com, Zazzle.com and other companies. Some mailers are not happy with the Postal Service’s final proposal, printed in the Federal Register on Dec. 19. Read more here....
Package-delivery companies are bracing for their busiest week of the holiday season, and one with less room for error. Read more here....