Stamps.com says it is ending an exclusive relationship with the US Postal Service, sending shares of its stock plunging more than 50%. The company says Amazon is disrupting the shipping business, and it needs to do shipping deals with postal service competitors going into the future. Read the full article here....
During its Feb. 8 public meeting in Columbus, Ohio, the United States Postal Service board of governors issued a comment on President Donald J. Trump’s decision to withdraw U.S. membership in the Universal Postal Union. Established in 1874 with the United States as a founding member, the UPU is a United...
The United States Postal Service (USPS) will begin using seven Ford E-450 based all-electric step vans for deliveries in California. Motiv, a provider of all-electric medium duty fleet chassis, recently began deliveries of the initial fleet to the USPS. As compared to their combustion engine-powered counterparts, Motiv’s all-electric EPIC chassis equipped mail delivery vans are...
Familiar themes, for both volumes and earnings, remained intact for the United States Postal Service (USPS), based on fiscal first quarter results released today. Quarterly revenue, at $19.7 billion, saw a 2.9%, or $553 million, annual increase, but the USPS incurred a $1.5 billion net loss, which represents an increase in net...
The U.S. Postal Service said it expects to wrap up mail truck prototype testing for its Next Generation Delivery Vehicle program in the coming months and then will seek bids for an estimated $6.3 billion contract to produce the new mail truck. “Most likely early 2019,” said Kim Frum, a spokesperson...