Regulators appear likely to accept the financially beleaguered Postal Service’s request for more freedom to raise the price of mailing letters. It would be the biggest change in the Postal Service’s pricing system in nearly a half-century, allowing stamp prices to rise beyond the rate of inflation.
August 9, 2017TCA
Postal Service Predicts Busy Holiday Shipping Season
The U.S. Postal Service is projecting about 750 million packages will be delivered this holiday season, a 12% increase in volume compared with last year.
November 28, 2016Government
US Postal Service Picks Six Firms to Produce Prototype Delivery Vehicles
The U.S. Postal Service awarded contracts to six companies to produce prototype vehicles as part of a program to replace aging mail delivery trucks with vehicles that are better suited to carrying packages and that utilize alternative fuels.
September 26, 2016Government
Will Japan Post's Huge IPO Teach the US Post Office to Privatize?
Japan Post went public last week and managed to raise $12 billion, making a national mail carrier responsible for this year's most successful initial public offering.
November 6, 2015Government
USPS Seeks to Deliver Groceries for Amazon.com
The U.S. Postal Service is seeking approval from regulators for a two-year test to deliver groceries for Amazon.com in several cities.
September 26, 2014Government
US Postal Service Reports $2 Billion Loss
The U.S. Postal Service ended its fiscal third-quarter with a loss of $2 billion, compared with a loss of $740 million for the same period a year earlier.
August 12, 2014Government
Official Says Funding for Postal Vehicles Must Stem From Congressional Legislation
A top U.S. Postal Service official said the agency will not ask Congress directly for money to acquire new vehicles.
March 31, 2014Government
Postal Service Loses Record $15.9 Billion
The U.S. Postal Service ended its 2012 fiscal year with a record loss of $15.9 billion, compared with a loss of $5.1 billion for the same period a year earlier.
November 15, 2012