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...
The U.S. Postal Service reported revenue of $69.6 billion for fiscal year 2017 (October 1, 2016 - September 30, 2017), a decrease of $1.8 billion compared to the prior year. The lower revenues were driven largely by accelerated declines in First-Class and Marketing Mail volumes. Click here for the full article....
Canada Post is promising relief for Canadian retailers who say the postal service is unfairly subsidizing their Chinese competitors. The federal Crown corporation says it has been forced to provide discounts on certain types of mail from China under a long-standing international arrangement, but it has recently negotiated price hikes that...
It's official - it will cost more to mail certain packages through the US Postal Service beginning in January. The Postal Regulatory Commission approved the USPS request, filed on October 6th. The cost of Priority Mail rates will go up by an average of 3.9% on January 21, 2018. However, that's...