US Postal Service

Postmaster General Louis DeJoy told lawmakers on Thursday that the U.S. Postal Service needs to make significant changes if it hopes to survive — and the biggest of those likely will be further adjusting to consumers' growing appetite for package delivery. Testifying before a House Appropriations...

Seventeen House Democrats introduced a bill Monday that would give the U.S. Postal Service an additional $6 billion to assure next-generation mail trucks run on electricity. If the bill passes, it could revive a failed bid by electric delivery van maker Workhorse Group (NASDAQ: WKHS) to win the...

Workhorse Group (NASDAQ: WKHS) expects a "prolonged process" to alter the U.S. Postal Service's decision to award next-generation mail truck business to defense contractor Oshkosh Truck Corp. (NYSE: OSK). The Loveland, Ohio-based Workhorse was stunned last week when the Postal Service awarded a 10...

The U.S. Postal Service has emerged, bloodied and more than a bit bowed, from the most difficult year in its long history. But beyond the COVID-19 pandemic, the presidential election and the tussles with former President Donald Trump lies an existential crisis for the Postal Service: how to remain...

The U.S. Postal Service plans a significant restructuring of its business, the quasi-governmental agency said Tuesday. The Postal Service provided no details or a specific timetable in its announcement, which was included in its fiscal 2021 first-quarter results that included the peak holiday...

Shares of Workhorse Group Inc (NASDAQ: WKHS) have been volatile of late. The stock, which was at one point up over 900% this year, has lost roughly half of its value in the last two weeks as investors have moved money away from the previously high-flying electric vehicle theme that dominated...

UPS Inc. (NYSE: UPS) said it will increase rates by 24 cents on all parcels moving under its SurePost parcel-induction product with the U.S. Postal Service (USPS), effective Oct. 18. The per-parcel increase matches a 24-cent peak-season holiday surcharge imposed by USPS, the first time the agency...

The U.S. Postal Service (USPS) experienced unusual increases in delivery delays and arrival times for two of its main parcel-delivery products as the summer progressed, according to a survey by a technology company that processes tens of millions of USPS parcels on its platform. The survey,...

FedEx Corp. (NYSE: FDX) and UPS Inc. (NYSE: UPS) have a holiday message for their big customers: Prepare to pay up or prepare to pound sand. An extraordinary year for parcel shipping will conclude with an equally extraordinary peak season. Carriers are bracing for unprecedented volumes as the...

What Happened: United Parcel Service (NYSE: UPS) and FedEx (NYSE: FDX) shot down social media calls stating they are unable to step in for the delivery of mail-in-ballots as they are not legally authorized to postmark the ballots, Reuters reported on Friday. UPS informed Reuters that state ballots...

The U.S. Postal Service (USPS) is fighting to keep its head above water amid staggering financial losses related to the coronavirus pandemic and the Trump administration's refusal to grant the relief the agency says it needs to avoid going broke by Sept. 30. At the same time, USPS faces competitive...

Less than two weeks after United Parcel Service, Inc. (NASDAQ: UPS) posted surcharges on all types of delivery, FedEx Corporation (NYSE: FDX) has followed suit. In a late announcement on June 3, FedEx rolled out several different types of surcharges, depending on the type of shipment. The...

For more than 20 years, FedEx Corp. (NYSE: FDX) has operated its U.S. air and ground networks as separate entities. On February 7, the firewall cracked, albeit modestly. The Memphis-based giant said that its FedEx Express unit, which handles time-definite shipments typically moving by air, will...

The U.S. Department of Transportation (DOT) plans to distribute 15.6 million cloth masks throughout the freight and passenger sector in a ramp-up of efforts by the Trump Administration to keep the coronavirus pandemic under control among transportation workers. "Transportation workers are on the...

The U.S. Postal Service (USPS) board unanimously selected Louis DeJoy to serve as its 75th Postmaster General, a private-sector pick that feeds speculation that the world's largest postal organization could be headed for privatization. DeJoy, a former executive at XPO Logistics, Inc. (NYSE: XPO),...