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...
Extreme cold is forcing the U.S. Postal Service to shut down mail delivery in parts of 10 states in the Great Plains and Midwest, reflecting the perilous threat of a polar vortex that's bringing record-low temperatures and biting winds to a broad swath of the U.S. "Some places could see wind...
The deadline is nearing for the United States Postal Service price increase Forever stamps for first-class mail - a 10 percent rate hike - but there's a few days to stock up on stamps and save some cash. The 5 cent increase from 50 cents to 55 cents for Forever stamps that takes...
The Trump Administration has acted forcefully to address serious flaws in the legal framework for international postal services. With these initiatives, the United States can lay the groundwork for an international postal system suited to the twenty-first century . . . if it follows through. At the core of the problem...