USPS

The U.S. Postal Service (USPS) will receive a $10 billion line of credit under the U.S. Senate's $2.1 trillion coronavirus economic relief legislation passed late on the evening of March 25, disappointing those who hoped USPS would receive as much as $25 billion in direct aid and the forgiveness of...

Postmaster General Megan J. Brennan has delayed her planned Jan. 31 retirement as the U.S. Postal Service's (USPS) Board of Governors continues to search for a successor, USPS said late Monday. Brennan, who has held the top USPS job since early 2015, announced her retirement last October. It is...

The response to the U.S. Postal Service's launch of its online Operation Santa program on Nov. 18 to help children and families in need this holiday season has been overwhelming. In fact, so many people have stepped up to play Secret Santa, the website nearly ran out of letters from those in need...

The U.S. Postal Service (USPS) reported Thursday morning a low single-digit increase in operating revenue for its 2019 fiscal year as year-over-year shipping and package volumes stagnated at levels not seen in years. USPS posted operating revenue of $71.1 billion, a $514 million increase from...

Merchants who sell their products on Amazon.com, Inc.'s website (NASDAQ: AMZN) but manage the fulfillment and delivery of those goods cannot use the U.S. Postal Service's (USPS) Priority Mail one- to three-day delivery service unless they purchase the postage from Amazon, according to several...

The‌ ‌U.S.‌ ‌Postal‌ ‌Service‌ ‌(USPS)‌ ‌could‌ ‌experience‌ ‌a‌ ‌32%‌ ‌decline‌ ‌in‌ ‌total‌ ‌parcel‌ ‌volume‌ ‌and‌ ‌a‌ ‌20%‌ ‌drop‌ ‌in‌ ‌shipping‌ ‌and‌ ‌package‌ ‌revenue‌ ‌should‌ ‌three‌ ‌large‌ ‌customers‌ ‌take‌ ‌most,‌ ‌if‌ ‌not‌ ‌all,‌ ‌of‌ ‌their‌ ‌last-mile‌ ‌parcel‌ ‌delivery‌ ‌...

The U.S. Postal Service (USPS) wants feedback from drone operators that could provide drone capability to the agency as it looks to advance its mail delivery fleet. In a request for information filed on September 23, USPS – an independent agency within the federal government that receives no...

Delegates of the Universal Postal Union (UPU) approved a compromise September 25 to allow the U.S. Postal Service (USPS) to raise international postal rates on July 2020 to 70 percent of what USPS charges to process domestic parcels and mail, a decision that will keep the U.S. in the UPU despite...

As delegates from 192 nations gather in Geneva Sept. 24 and 25 to determine the fate of global postal commerce, a compromise has been advanced to let the U.S. Postal Service (USPS) significantly increase the rates it charges foreign postal systems for processing foreign-origin parcels and mail....

In February 2017, the U.S. Postal Service (USPS) sent a warning about the outlook for its one consistently successful product. The multi-year growth of its shipping and package operations, USPS said in a government filing, could be jeopardized if the three customers responsible for most of the...

The U.S. Postal Service (USPS) reported on August 9 a net loss of nearly $2.3 billion in its fiscal 2019 third quarter, an increase of $767 million from the same period in 2018 – and up from a $2.1 billion loss in the previous quarter – as its first-class and marketing-mail revenue continue to...

Good day, How can FedEx Corp. (NYSE: FDX) and UPS Inc. (NYSE: UPS) benefit from the U.S. Postal Service's (USPS) pension-funding challenges? As many know, USPS sets aside about $5.5 billion a year to pre-fund employee retiree health benefit obligations. In a column in the financial weekly Barron's...

A former executive of a Florida-based trucking company pleaded guilty in federal court on two counts of wire fraud related to mail contracts it had with the U.S. Postal Service on Wednesday, June 12. Alexei Rivero, 46, of Miami, Florida, served as vice president of Florida Carrier & Brokerage...

The boom in online buying is again forcing a big shipper to expand its service, and that's going to mean more cost. FedEx Corporation (NYSE: FDX) announced on Thursday ground-parcel delivery unit FedEx Ground will add Sunday delivery, starting in January. The move comes just months after FedEx...

Self-driving truck startup TuSimple announced today that the United States Postal Service (USPS) has awarded it a contract to perform five round trips, for a two-week pilot, hauling the agency's trailers more than 1,000 miles between the USPS distribution centers in Phoenix, Arizona and Dallas,...