Regardless of pushes for more taxpayer money, the USPS is supposed to be self-sufficient, by law
The issue is now decades-old, but still persistent. The United States Postal Service is desperate for reform, even after taxpayer money is continually dumped into it. The December 2020 COVID relief legislation granted the USPS $10 billion, and the 2022 Postal Service Reform Act granted an additional $107 billion, and the recent Inflation Reduction Act grants $3 billion to the federal delivery carrier to enhance its fleet with electric vehicles.
The U.S. Government Accountability Office (GAO) and the Office of Personnel Management (OPM) have both extensively reviewed the issue of pension obligations in the USPS’s Civil Service Retirement System (CSRS). It’s often compared to the previous major legislation before this year’s Postal Service Reform Act - the Postal Accountability and Enhancement Act of 2006.
A recent safety report by the U.S. Postal Service's Office of Inspector General (OIG) suggests lax oversight of contracted trucking companies, brokers, and drivers may contribute to accidents and fatalities on American highways.
FedEx might actually benefit from losing its colossal contract with the U.S. Postal Service, according to Brandon Oglenski, an analyst at Barclays Bank.
FedEx is anticipating a significant loss of business with the U.S. Postal Service when its current contract expires.
The U.S. Postal Service has announced that it will not impose peak season surcharges during the upcoming holiday season.
The U.S. Postal Service has drastically decreased its air cargo shipments by 90% over a two-year period, leading to an estimated $1 billion in annual transportation cost savings, according to U.S. Postmaster General Louis DeJoy.
The US Courier, Express, and Parcel (CEP) market has seen a decline in demand and a shift in consumer spending patterns, leading to decreased package deliveries.
The U.S. Postal Service (USPS) is experiencing a significant decline in international volume, despite the growth of cross-border e-commerce.
The National Pony Express Association and the U.S. Postal Service are commemorating the Pony Express' 163rd anniversary with a 10-day, nearly 2,000-mile ride from Old Sacramento, California, to St. Joseph, Missouri.
The decline has been consistent for the last 15 years, but speeding up in the short term.
Nearly 10,000 Ford E-Transit vans and 14,000 charging stations have been ordered by the US Postal Service as part of its environmental plan.
The Inflation Reduction Act was signed into law by President Joe Biden back in August, and the US Postal Service is looking to benefit.
The issue is now decades-old, but still persistent. The United States Postal Service is desperate for reform, even after taxpayer money is continually dumped into it.
After previous years provided to be a disaster, the United States Postal Service is more equipped to handle the 2022 peak season rush than years before.
The U.S. Postmaster General Louis DeJoy is looking to transform the government agency into a major competitor with private carriers such as FedEx and UPS. But will these changes be in vain?
Well, that’s a bit embarrassing - USPS Connect Local Mail, a new U.S. Postal Service program offering next-day local delivery, made less than $200 and handled only 65 parcels in its first three months of testing.
House lawmakers have passed the Mail Traffic Deaths Reporting Act of 2024, directing the U.S. Postal Service to create new rules for tracking crashes involving its trucking contractors.