postal

Business

FedEx Signs Seven-Year Air Transportation Contract With U.S. Postal Service

FedEx Corp.

FedEx Corp. said its FedEx Express subsidiary has entered into a new, seven-year express air transportation contract with the U.S. Postal Service.

April 24, 2013
Business

Board Says Postal Service Can’t Cut Saturday Delivery

The U.S. Postal Service does not have legal authority to end Saturday mail delivery without authorization from Congress and must halt its plans to make that cut in August, its board said, Bloomberg News reported Wednesday.

April 10, 2013
Business

GAO Says Postal Service Can’t Cut Saturday Service

The Government Accountability Office said the U.S. Postal Service doesn’t have the legal authority to stop Saturday delivery, Bloomberg News reported.

March 22, 2013
Business

House Bill Would Continue Saturday Mail Delivery

A bill passed by the U.S. House of Representatives would ensure that the U.S. Postal Service continues Saturday mail service for the rest of the fiscal year, Rep. Jose Serrano (D-N.Y.) said.

March 7, 2013
Business

UPS, FedEx Seek Postal Service Air Contract

As package giants UPS Inc. and FedEx Corp. jockey for a new billion-dollar U.S. Postal Service airmail contract, other carriers said they do not expect major changes if the agency’s plan to cut Saturday mail deliveries becomes reality.

March 4, 2013
Business

Postal Service Plans to End Saturday Mail Delivery

The U.S. Postal Service plans to end Saturday mail delivery by as soon as August to cut financial losses, Bloomberg News reported Wednesday.

February 6, 2013
Business

Postal Service Losing Government Business to Private Sector

The U.S. Postal Service is losing some government shipping business to private-sector companies such as FedEx Corp. and UPS Inc., Bloomberg News reported Wednesday.

January 23, 2013
Business

Postmaster Urges Congress to Make Postal Service Reform a Priority

U.S. Postmaster General Patrick Donahoe has urged Congress to make postal reform a priority, as the U.S. Postal Service is currently losing $25 million a day and has defaulted on $11.1 billion in Treasury payments.

January 7, 2013
Business

Postal Service Reports $5.2 Billion Loss

The U.S. Postal Service reported a $5.2 billion loss in its third fiscal quarter, compared to a $3.1 billion loss in the same quarter last year.

August 10, 2012
Business

Postal Service Plans to Close Centers, Cut Jobs to Rein in Costs

The U.S. Postal Service said it will close or consolidate 223 mail processing centers and eliminate up to 35,000 jobs as part of a cost-cutting strategy, Reuters reported Friday.

February 24, 2012

Pages