The U.S. Postal Service is seeking approval from regulators for a two-year test to deliver groceries for Amazon.com in several cities.
September 26, 2014Government
Will Japan Post's Huge IPO Teach the US Post Office to Privatize?
Japan Post went public聽last week and managed to raise $12 billion, making a national mail carrier responsible for this year's most successful initial public offering.
November 6, 2015Government
US Postal Service Reports $2 Billion Loss
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, 2014Government
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, 2014Government
Postal Service Loses Record $15.9 Billion
The U.S. Postal Service ended its 2012 fiscal year with a record loss of $15.9 billion, compared with a loss of $5.1 billion for the same period a year earlier.
November 15, 2012