Despite another quarter of surging net losses at the U.S. Postal Service, leadership is all too eager to plunge the agency into even more debt. During its board of governors meeting on Aug. 9, key executives suggested that the USPS be “bold and creative” in saving the agency and paying down the more than $10 billion in...
The U.S. Postal Service (USPS) reported two troubling numbers for its most recent quarter. The first is that revenue was flat at just above $17 billion. The other was that it lost $1.1 billion for the period that ended June 30. Both figures, particularly the loss, beg the question why...
The U.S. Postal Service delivered fewer packages in the latest quarter for the first time in nine years, as companies such as Amazon.com Inc. and FedEx Corp. increasingly begin to deliver online orders to homes themselves. The shift among the U.S. delivery giants is depriving the Postal Service, a quasigovernmental agency, of much-needed volume, which it...
No matter what path Congress takes in reaching what some members have called an urgent need for postal reform, the Postal Service, for the first time since December 2014, has enough members on its Board of Governors to reach a quorum. The Senate confirmed three governors Thursday before leaving for their...
“Email is faster and cheaper than snail mail.” “I pay all of my bills from my phone.” “The only mail I get is junk mail.” Sound familiar? These comments and similar statements are often made in arguments against the need for the United States Postal Service (USPS). While there are elements of truth...