President Donald Trump has lobbed attacks against Amazon over its taxes and what it pays the Post Office for days. Trump and the White House don’t have a plan to attack Amazon. It’s unlikely Trump will actually attack Amazon for one big reason: the stock market. President Donald Trump keeps […]
Amazon‘s stock price fell Monday as President Trump yet again tweeted about the company causing the Postal Service to lose money. It’s his latest in a three-day tirade against the e-commerce giant. Shares of Amazon fell more than 4% Monday after Trump doubled down on his Twitter war against the […]
President Donald Trump has repeatedly criticised Amazon over the last five days, He says the retailer takes advantage of the US Post Office and pays less tax than other retailers, but did not provide evidence to back up those claims. But Trump’s own campaign team shopped on Amazon during the […]
Eastern Europe offers some of the cheapest holiday destinations on the continent, according to the 10th annual City Costs Barometer from Post Office Travel Money– and they’re also pretty stunning. Using price estimates from National and Regional Tourist Offices and average accommodation costs from Hotels.com, the Post Office City Costs […]
President Donald Trump tweeted on Friday that the US Postal Service was undercharging Amazon and that it was making the “Post Office dumber and poorer.” Analyses have found that Amazon’s deal with USPS allows the e-commerce company to pay less to deliver packages than it would pay other delivery services. […]
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[credit provider=”Jeff Zelevansky / Getty Images”] The United States Postal Service needs help.Online retail sales are on the rise, which means people need all those packages delivered. The USPS knows this, but right now, it can’t fully take advantage of it.
[credit provider=””>Daniel Goodman / Business Insider”] THE United States Postal Service has made a perfectly sensible decision. In light of the move by most Americans to electronic mail and online bill pay, it will no longer deliver the post on Saturdays. The volume of mail has plummeted over the past […]
The U.S. Postal Service plans to stop delivering mail on Saturdays, Pauline Jelinek of the Associated Press reports.On Wednesday the service is expected to announce that the the cut, beginning in August, would save about $2 billion annually.
[credit provider=”AP”] Royal Mail is set to unveil a sharp jump in profits this week, clearing the way for a sell-off of the business next year.Officials and bankers working on the sale say Tuesday’s figures are the crucial test of whether the business will be ready for a float in […]
[credit provider=”USPS”] The U.S Postal Service just released some new forever stamps that feature very nice birds-eye views of Earth. The new collection is called Earthscapes (Forever).
[credit provider=”Roberto_Ventre at www.flickr.com” url=”http://www.flickr.com/photos/robie06/1359312986/”] Rome, ItalyMy 2-year old nephew in Australia loves getting postcards. He already associates me with frequent travelling. I’m referred to as “Tim Hong Kong jet plane.”
[credit provider=”Daniel Goodman / Business Insider”] The deadline for the United States Postal Service to repay its $5.5 billion loan from the U.S. Treasury is tonight, and the USPS is not expected to be able to make the payment.As it tries to streamline itself in its struggle for survival, the USPS […]
[credit provider=”Wikimedia, CC.” url=”http://en.wikipedia.org/wiki/File:PO_10001_colonnade_nite_jeh.JPG”] WASHINGTON (AP) — The U.S. Postal Service is bracing for a first-ever default on billions in payments due to the Treasury, adding to widening uncertainty about the mail agency’s solvency as first-class letters plummet and Congress deadlocks on ways to stem the red ink.With cash running […]
[credit provider=”Daniel Goodman / Business Insider”] Author and social entrepreneur Geoff Smart shared an interesting little anecdote in his new book “Leadocracy: Hiring More Great Leaders (Like You) into Government.”When Smart was a graduate student, he had to observe two different leaders for a class project. He went to a […]
[credit provider=”Ann Althouse | Flickr” url=”http://www.flickr.com/photos/althouse/82625109/”] The United States Postal Service continues to hemorrhage cash, losing $3.3 billion in the first quarter of 2012 alone. Its demise is constantly being predicted in the media. It’s derided as inefficient, outdated, and obsolete.
[credit provider=”Smithsonian National Postal Museum” url=”http://en.wikipedia.org/wiki/File:Pony_Express_Poster.jpg”] During the day I check my work email about once every 10 minutes. I comb through my personal email about once an hour. I look at Twitter more often than I care to admit, and I just sent a text message on my phone. […]
Thank goodness we didn’t rely on the United States Postal Service to roll out e-mail, as this 1980 New York Times article suggests was a possibility.
The U.S. Postal Service plans to eliminate 35,000 jobs starting this summer by closing or consolidating 223 mail processing plants.
[credit provider=”AP”] The USPS has announced the latest part of its strategy to try to save $20 billion over the next three years as it tries to climb out of its debt abyss. It’s going to consolidate or close 223 mail processing plants across the country, which will put 35,000 jobs at […]
[credit provider=”Daniel Goodman / Business Insider”] WASHINGTON (AP) — The U.S. Postal Service said Thursday that its quarterly loss widened to $3.3 billion amid declining mail volume and mounting costs for future retiree health benefits as it struggles to stave off bankruptcy.From October through December 2011, losses were $3 billion […]
[credit provider=”Bureau of labour Statistics” url=”http://www.bls.gov/oco/ocos257.htm”] We’ve received a lot of job news lately. Friday’s job report massively beat expectations, and on that note, we gave you the 30 fastest-growing jobs in America. The Bureau of labour Statistics published it’s employment projections for 2010 to 2020, which also includes a list of the […]
[credit provider=”Daniel Goodman”] To say the Post Office is in dire straits would be an understatement, but there has been a lot of talk recently about turning the flailing enterprise into a public bank.Arguing for innovation and deregulation, Tim Fernholz, business editor for GOOD Magazine, writes that your friendly, local […]
[credit provider=”Daniel Goodman”] This week, in a last-ditch attempt to slash costs, the United States Post Office announced plans to eliminate next-day delivery service of first-class mail.The bleeding agency, which is facing a $10 billion deficit, needs to cut $20 billion in operating costs by 2015 in order to start […]
[credit provider=”Wikimedia Commons” url=”http://en.wikipedia.org/wiki/File:Usmailcontractor.jpg”] The US Postal Service is looking for any revenue source possible as it tries to climb out of the ditch, so it shouldn’t be much of a surprise to learn that it’s now selling advertisements on the side of its trucks, reports Kerem Ozkan and Riley […]
[credit provider=”Morristechnology.com”] The United States Postal Service lost $5.1 billion in the fiscal year that ended in October, and is on track to lose $14.1 billion this year.Total 2011 mail volume declined by 3 billion pieces, or 1.7 per cent, from 2010, according to a report from postal service CFO […]
The Postal Service’s latest ad campaign shows its desperation as it lingers on the brink of annihilation.
[credit provider=”Superbomba via flickr” url=”http://www.treehugger.com/files/2009/02/us-snail-mail.php”] Nearly one-third of the workers at a Sioux City postal branch slated for closing are going to be paid even after the facility shuts down.According to The Associated Press, the centre will be closed October 1, and while 100 of the workers have taken other […]
[credit provider=”Daniel Goodman / Business Insider”] In President Obama’s deficit reduction proposal released Monday, the White House lays out plans to cut Saturday postal delivery, to allow the USPS to sell a wider selection of goods at its locations, and tells Congress to return a $7 billion overpayment to the […]
Facing a massive shortfall, the United States Postal Service is considering closing over 250 processing centres, which would slow mail delivery by a day and result in the elimination of 35,000 jobs.
[credit provider=”www.flickr.com” url=”http://www.flickr.com/photos/franklinabreu/5138561927/”] It was an early Saturday morning when I walked into my local post office to buy a stamp for my sister’s birthday card.”Uh, let me check,” the clerk responded, doubtful. He disappeared to the back then returned seconds later to relay what I already knew: “Sorry lady, […]
[credit provider=”don nunn via flickr” url=”http://www.flickr.com/photos/donnunn/394817568/sizes/m/in/photostream/”] The decline of the USPS – one of America’s oldest and best-known institutions – is one of the most visible examples of the fall of the Blue Social Model.The financial collapse of the Postal Service has been one of the main stories of the […]
[credit provider=”By practicalowl on flickr” url=”http://www.flickr.com/photos/practicalowl/2182796411/sizes/o/in/photostream/”] The New York Times this weekend had a lengthy article about the woes of the Post Office, which are about to go critical thanks to a combination of recession and the internet:Missing the $5.5 billion payment due on Sept. 30, intended to finance retirees’ […]
[credit provider=”Morristechnology.com”] President Barack Obama will propose a plan to allow the U.S. Postal Service to push off a scheduled $5.5 billion health care payment until the new year, The New York Times reports.The move would prevent an immediate crisis threatened to have the agency — which is running a […]
[credit provider=”Flickr Zervas” url=”http://www.flickr.com/photos/zervas/310830960/”] Facing a projected $6.4 billion loss this year, the United States Postal Service may be forced to shut down this month if Congress doesn’t take action.A cushy relationship with the postal workers unions and flailing efforts to stem customer migration to the Internet have pushed the […]
The US Postal Service is dying, which is why Postmaster General Patrick Donahoe is heading to Congress today to beg for help to avoid a winter shutdown.
“Neither rain, nor snow, nor sleet, nor hail shall keep the postmen from their appointed rounds.” But unless Congress steps in, bankruptcy will.
[credit provider=”USPS”] U.S. Postmaster General Patrick Donahoe has said that the United States Postal Service will default on its obligations to the federal government on September 30, at the end of the current fiscal year.Now the House Committee on Oversight and Government Reform has launched SavingThePostalService.com to educate the public […]
[credit provider=”USPS”] Hovering on the brink of insolvency, the U.S. Postal Service wants to break its union contracts to cut 20% of its workforce and withdraw its employees from federal worker healthcare and pension plans, according to a Washington Post report published this afternoon.Without a major financial restructuring, the USPS […]
[credit provider=”By wallyg on Flickr” url=”http://www.flickr.com/photos/wallyg/1092542955/”] Fast Company blogger Roberta Matuson recently wrote about an experience at a US post office that exemplifies bad customer service.Apparently, the post office isn’t supposed to give you packaging tape, even though most do provide the service. Check out this memo that a postal […]
[credit provider=”wikipedia commons” url=”http://www.google.com/imgres?imgurl=http://upload.wikimedia.org/wikipedia/commons/4/4a/Leicester_Crown_Court_-_geograph.org.uk_-_469897.jpg&imgrefurl=http://commons.wikimedia.org/wiki/File:Leicester_Crown_Court_-_geograph.org.uk_-_469897.jpg&usg=__9AycRYggQfjvgAIYUEB6Jlq1Df8=&h=551&w=640&sz=117&hl=en&start=0&zoom=1&tbnid=mBVDXIJeuTLhJM:&tbnh=146&tbnw=179&ei=TqUyTpf0B9KSgQed0pzuDA&prev=/search%3Fq%3DLeicester%2BCrown%2BCourt%26um%3D1%26hl%3Den%26client%3Dfirefox-a%26sa%3DN%26rls%3Dorg.mozilla:en-US:official%26biw%3D930%26bih%3D895%26tbm%3Disch&um=1&itbs=1&iact=hc&vpx=447&vpy=238&dur=1463&hovh=208&hovw=242&tx=143&ty=160&page=1&ndsp=20&ved=1t:429,r:6,s:0″] British postal worker Yogeshbhai Patel was drowning in $90,000 of credit card debt when he started stealing packages to sell the contents at pawn shops and stores (via Daily Mail).According to This Is Leicester Patel says he began pilfering from the post office to pay down […]
[credit provider=”eva muray via flickr” url=”http://www.flickr.com/photos/[email protected]
/356014391″] To help staunch the hemorrhaging of its dwindling revenues, the post office is reviewing a plan to close more than 3,600 local offices, stations, and branches.According to USA Today, the post office runs about 31,000 retail outlets in the U.S. after losing 7,000 locations […]
[credit provider=”Matthew McVickar” url=”http://www.flickr.com/photos/matthewmcvickar/sets/72157594153681931/”] Matthew McVickar lives and works in Hawaii, and in his spare time, he likes to conduct experiments with mail.For example, he built an awesome piece of “cameramail” that prompts postal workers to take a picture with it before it goes to its next destination.
[credit provider=”Courtesy of pccapitalist” url=”http://www.google.com/imgres?imgurl=http://tableforsix.files.wordpress.com/2008/12/usps.jpg&imgrefurl=http://pccapitalist.wordpress.com/2009/03/27/privatize-the-postal-service/&usg=__a6Hczic_o-lMELe2u0SyGR6bdVY=&h=400&w=400&sz=36&hl=en&start=48&sig2=Nw9H1OsnWLO1UNYohlHZgA&zoom=1&tbnid=WimHKN-pdTJ2mM:&tbnh=136&tbnw=136&ei=9jLlTfqILIXl0QGonfnSBg&prev=/search%3Fq%3Dusps%2Bcongress%26hl%3Den%26client%3Dfirefox-a%26hs%3DMZU%26sa%3DX%26rls%3Dorg.mozilla:en-US:official%26biw%3D1222%26bih%3D746%26tbm%3Disch&itbs=1&iact=hc&vpx=124&vpy=141&dur=1661&hovh=225&hovw=225&tx=139&ty=119&page=3&ndsp=24&ved=1t:429,r:6,s:48&biw=1222&bih=746″] In the latest indication of the United States Postal Service’s dire financial straights, the Associated Press is reporting that the agency will will stop contributing to the Federal Employees Retirement System (FERS).The move will free up $800 million in badly needed cash for the current fiscal […]