Government, Logistics

US Postal Service Reports Financial Loss for 11th Year in a Row

Andrew Harrer/Bloomberg News

The beleaguered U.S. Postal Service reported a financial loss Nov. 14 for the 11th straight year, citing declining mail volume and costs of its pension and health care obligations even as it predicted another strong holiday season of package deliveries.

Hope Yen | The Associated Press
November 15, 2017
Government, Business, Logistics

Package Wars: Postal Service Offers Next-Day Sunday Delivery

Travis Wise/Flickr

As consumers demand ever-quicker and convenient package delivery, the U.S. Postal Service wants to boost its business this holiday season by offering what few e-commerce retailers can provide: cheap next-day service with packages delivered Sundays to your home.

November 2, 2017
Government, Business, Equipment

Spartan Motors Wins USPS Contract for More Than 2,000 Trucks

USPS trucks Andrew Harrer/Bloomberg News

Spartan Motors Inc. announced its Spartan Fleet Vehicles and Services business unit has won a $214 million contract from the United States Postal Service for more than 2,000 cargo-body fleet vehicles.

October 27, 2017
Government, Business, Logistics

Postal Service May Get More Freedom to Raise Stamp Prices

Postal Service Truck André-Pierre du Plessis/Flickr

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.

Hope Yen | The Associated Press
August 9, 2017

Postal Service Predicts Busy Holiday Shipping Season

Victor J. Blue/Bloomberg News

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, 2016

US Postal Service Picks Six Firms to Produce Prototype Delivery Vehicles

Andrew Harrer/Bloomberg News

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, 2016

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.

Devin Leonard | Bloomberg News
November 6, 2015

USPS Seeks to Deliver Groceries for

Atomic Taco/Flickr

The U.S. Postal Service is seeking approval from regulators for a two-year test to deliver groceries for in several cities.

September 26, 2014

US Postal Service Reports $2 Billion Loss

Ron Doke/Flickr

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, 2014

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, 2014