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The day after getting the green light to significantly raise postal rates in 2019, the Postal Service marked its 12th straight fiscal year of net financial losses.
National security leadership thanked postal employees and their partners in the Postal Inspection Service on Friday for work that led to the arrest of a suspect charged with allegedly sending 13 improvised explosive devices through the mail.
Stopping an armed burglar, bridging the language barrier for a woman seeking an ambulance and coordinating rescues for Texas residents in the aftermath of Hurricane Harvey make up just a few of the courageous acts that Postal Service letter carriers accomplished in the past year.
The Trump administration seeks to privatize the Postal Service as part of the sweeping government reorganization plan it unveiled Thursday, which may bring with it a significant pay and benefits changes to more than 600,000 USPS employees.
USPS' rocky start to the first half of the fiscal year comes a month after President Donald Trump signed an executive order setting up a postal task force after claiming the agency is “on an unsustainable path."
The U.S. Postal Service reported its 11th straight year of financial losses on Tuesday, but a number of pending regulatory changes could, in time, help put the agency on a path toward solvency.
The U.S. Postal Service reported the latest in a series of financial setbacks on Thursday, but the agency may see some big changes coming this fall.
An investigation by the Office of Special Counsel Hatch Act found that from September to November 2016, 97 letter carriers took more than 2,700 total days off to participate in political campaigns.
Despite double-digit growth in its package delivery during last year's holiday season, the U.S. Postal Service posted a $200 million net loss for the first quarter of fiscal 2017.
USPS improved its numbers across the board in 2016, reaching record growth in certain categories, but still lost money due to retiree health benefits prefunding requirements and April's exigent rollback, which cost USPS about $1 billion this year.
The U.S. Postal Service, having faced years of financial hardship, posted a $5.6 billion net loss for fiscal 2016, despite an increase in revenue this year.
The U.S. Postal Service says it has "broad bipartisan support" from Congress to ease some its financial burdens. But until that time comes, USPS doesn't have much room to improve the situation it's in.
Members of the House Oversight Committee unveiled draft legislation to reform the Postal Service. The agency is struggling to keep up with Congressional funding mandates as well as shifting volumes of mail.
Rep. Jason Chaffetz (R-Utah), says a bill is being drafted to address Postal Service reforms. The reforms include addressing the mandate to pre-fund health retiree benefits, as well as merging the USPS Board of Governors and the Postal Regulatory Commission.