The United States Postal Service (USPS) recorded a second quarter net loss of $1.9 billion, which is now the 20th of the past 22 quarters that the nation’s postal service has reported a loss, according to an issued press release. The USPS’s fiscal second quarter loss was higher … [Read more...]
With $100 billion in debt the USPS is on deck for a government bailout
It is widely known that the United States Postal Service (USPS) isn't necessarily on the best financial footing since prior to the Great Recession. In fact, things have gotten so bad for the Post Office that it made headlines late last year when it was reported it defaulted on $5.6 … [Read more...]
USPS to Launch Same-Day Delivery Program
We've come a long way from the Pony Express. In today’s world of technological instant gratification, the financially struggling United States Postal Service believes it can turn a profit by offering same-day delivery to Internet shoppers. Beginning Dec. 12, the USPS will pilot the … [Read more...]
