Today the Postal Regulatory Commission (Commission) released its Financial Analysis report, which analyzes the overall financial position of the United States Postal Service in Fiscal Year (FY) 2017. In FY 2017, the Postal Service recorded its first net loss from operations, since FY 2013, of $1.3 billion, largely due to declining mail volume, the...
President Trump escalated his attack on Amazon on Thursday, saying in an early-morning tweet that the online retail behemoth does not pay enough taxes — and strongly suggesting that he may use the power of his office to rein in the nation’s largest e-commerce business....
US Senators Tom Carper, Jerry Moran, Heidi Heitkamp and Claire McCaskill have introduced The Postal Service Reform Act of 2018: Improving Postal Operations, Service, and Transparency. In a statement sent to Post&Parcel yesterday (22 March), the Senators said that the bipartisan bill aims to “stabilize, preserve and improve the Postal Service”....
The Postal Regulatory Commission (PRC) may not be top of mind to most Americans, but the decisions they make affect each and every one of us. For more than a decade, the PRC has provided oversight of the United States Postal Service and its pricing. And now, the PRC wants...
Each year the Postal Service reports a loss of around $6 billion. Its balance sheet has an even bigger problem, though. A $73 billion and growing retirement plan deficit. The problem is, the Postal Service is limited by law where it can invest employees’ retirement funds. Paul Steidler, senior fellow at the...