The U.S. Postal Service reported Friday a second-quarter net loss that widened to $1.34 billion from $562 million a year ago. The controllable loss, which excludes items that are non-recurring and outside of management control, was $656 million vs. a profit of $12 million a year ago. The controllable loss...
Amazon.com Inc’s 20 percent hike in the cost of Prime membership should deliver more than $1 billion in extra revenue this year and cover any “rational” hike in United States Postal Service delivery fees, Wall Street analysts said on Friday. President Donald Trump has been laying into the Seattle-based online shopping...
While President Donald Trump blames Amazon.com Inc. for the woes of the U.S. Postal Service, there is a very real problem with delivering shipments from China, U.S. manufacturers say. The U.S. Postal Service currently collects below-cost payments, called terminal dues, to deliver small packages under 4.4 lbs. from international shippers. These payments, set...
President Trump is angry at Amazon for, in his tweeted words, “costing the United States Post Office massive amounts of money for being their Delivery Boy.” Yet in more recent days, Mr. Trump has at least channeled his feelings in what could prove a constructive direction, by ordering a task force to spend 120...
By the authority vested in me as President by the Constitution and the laws of the United States of America, I hereby order the following: Section 1. Policy. (a) The United States Postal Service (USPS) accounts for almost half of global mail volume and is regularly cited as the Federal agency with the highest...