postal service

Postal Service Request to Raise First Class Stamp Price Rejected

The U.S. Postal Service's attempt to raise the price of a first-class stamp to 46 cents from 44 cents was unanimously rejected today by an oversight board, which said the Postal Service failed to sufficiently quantify either the effect of the recession on operations or how much mail shipments would decline if rates were increased.

Post Office Loses $3.5 Billion as 2011 Cash Crunch Looms

The U.S Postal Service reported a $3.5 billion third quarter loss due to continued declines in mail volume and increased costs from retiree health benefits. Without help from Congress and a postage rate increase, it could run out of cash in 2011.

Mailman delivering drugs?

Talk about a personal delivery! Gloucester, Mass. police say US Postal Service worker Stephen Hale, 30, sold OxyContin while on his mail delivery...

No Mail on Saturdays? Not Without a Struggle

The proposal to cut Saturday mail delivery "has a lot of doubters," says Ruth Goldway, chairman of the Postal Regulatory Commission, which must issue an advisory opinion on the USPS's plan to cut service. "I'm skeptical." She's not alone. Congress may not go along either.

Losing Money Isn't the Postal Service's Only Problem

Faced with an estimated $7 billion shortfall in 2010, the United States Postal Service is contemplating radical cuts that would eliminate Saturday mail delivery and raise the cost of postage. But to really turn the USPS's problems around, it will either need to be directly funded by the government or it needs the freedom to set its own prices, policies, and hours.