The cash-strapped U.S. Postal Service lacks the money it needs to replace its aging delivery fleet, according to a new Government Accountability Office report.
May 19, 2011Government
Mail Haulers Monitor USPS Funding Crisis, Government Response to Payment Deadline
Some truckers are warily watching Washington as the White House crafts a plan to save the U.S. Postal Service, which, officials have said, is quickly running out of money to pay its bills.
September 12, 2011Government
Postal Service Could Shut Down Without Action by Congress
The U.S. Postal Service may have to shut down this winter unless Congress acts to address the agency’s financial crisis, the New York Times reported.
September 6, 2011Government
Postal Service Ends LTL Bid
Facing a major restructuring and the closings of thousands of post offices, the U.S. Postal Service is ending its foray into less-than-truckload hauling on Sept. 19.
August 22, 2011Government
Eying ‘Featherweight’ Parcel Niche, Postal Service Launches Regional Service
The U.S. Postal Service, angling for a bigger slice of the parcel market, has started a ground-based regional delivery service aimed at high-volume, business-to-consumer shippers selling retail goods online.
May 2, 2011Government
Postal Service Loses $8.5 Billion in Fiscal Year
The U.S. Postal Service lost $8.5 billion in its fiscal 2010, more than twice the loss of the last year, Bloomberg reported.
November 12, 2010Government
Postal Service Rate Increase Denied
A panel has denied the United States Postal Service’s request to increase the cost of first-class postage, the Associated Press reported.
October 1, 2010Government
Postal Service Seeks Five-Day Delivery by Early 2011
The U.S. Postal Service is seeking to cut Saturday mail delivery starting in the first half of next year, Bloomberg reported.
March 30, 2010