By I-Team Investigators – August 19, 2015 LAS VEGAS – The U.S. Postal Service loses hundreds of millions of dollars per year, in part because of competition from email and social media. People simply don’t send letters anymore. Several ideas have surfaced to improve the postal service’s bottom line, but the board which oversees its…
Andy Medici – July 15, 2015 In 2010 the Postal Service laid out a series of reforms it said were needed to cut billions of dollars from its operating costs and help the agency survive and thrive in a more digital future. The biggest pitch: Ending Saturday delivery for letters, which the Postal Service had…
Latest proposal would help highway fund House Republicans last week proposed allowing the Postal Service to stop delivering most mail on Saturday and to use the savings to keep the federal Highway Trust Fund from going broke. In a statement, USPS said, “Allowing the Postal Service to implement a five-day mail/six-day package delivery schedule is…
May 31, 2014—NALC President Fredric Rolando said the proposal by House Republican leaders to temporarily fund highway construction by degrading postal services would damage the economy while failing to achieve desired transportation goals. “This is the latest attempt by GOP leaders at an end run, trying to cut postal services to provide money for another…
The shift would benefit both motorists and the USPS, Republican leaders argue. House Republicans are constructing a proposal to keep thousands of road and transit projects from grinding to a halt this summer by transferring funds into the nation’s nearly depleted Highway Trust Fund from the already money-losing U.S. Postal Service. But in a memo…
NEW YORK (TheStreet) — For Washington lawmakers already at loggerheads over the country’s fiscal mess, the United States Postal Service has not delivered god news. The USPS has become the latest in line asking for a bailout. Again. Last week, the USPS announced a $1.9 billion loss in the second quarter. Worse, USPS has $64…
