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☆ The US Postal Service wants to hike stamp prices again in July. Here’s how much you’ll pay
▼ + stars: | 2024-04-10 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Stamp prices are set to increase — again. If approved by the Postal Regulatory Commission, the change would take effect in July, raising the cost of mailing services products by nearly 8%. Stamp prices alone have soared 36% since 2019 when they used to cost 50 cents. The Postal Service last raised First-Class stamp prices by two cents in January, just a few months after it raised prices three cents in July 2023. Other changes include domestic postcard prices increasing from 53 cents to 56 cents and international postcard prices increasing from $1.55 to $1.65.

Persons: ”, General Louis DeJoy, DeJoy, Trump Organizations: New, New York CNN, US Postal Service, Postal Regulatory Commission, Postal Service, USPS Locations: New York

UPS will become the primary air cargo provider for the United States Postal Service. The Atlanta shipping company said Monday that it had received an air cargo contract from the U.S. UPS will move the majority of air cargo in the U.S. for the postal service following a transition period, according to UPS. USPS’s current air cargo contract with FedEx Corp. is set to expire in late September. Last month the International Air Transport Association said that total demand for air cargo, which is measured in cargo ton-kilometers, climbed 18.4% in January compared with the prior-year period.

Persons: Brie Carere, Louis DeJoy Organizations: United States Postal Service, U.S . Postal Service, UPS, FedEx Corp, FedEx, USPS, FedEx Express, U.S . Mail, International Air Transport Association, United Parcel Service Inc Locations: Atlanta, U.S, Puerto Rico, airfreight

It’s very much hand in hand,” said DeJoy, who acknowledged being impatient with the pace of change, including the rollout of electric vehicles. Those efficiency-driven changes will help the environment by reducing carbon emissions by eliminating wasteful activities, in addition to electric vehicles and other efforts. Last month, the Postal Service unveiled new EVs and charging stations at a new distribution center in Georgia, one of many updated sorting and delivery centers that are opening. The Postal Service plans to take delivery of 66,000 electric vehicles over five years. But not everyone is thrilled by the focus on electric vehicles.

Persons: General Louis DeJoy, Biden, ”, DeJoy, Jennifer Beiro, Craig Stevens, Sharp Organizations: U.S . Postal Service, Postal Service, Congress, Workers, Oshkosh Locations: Georgia, Ford, Oshkosh, Midwest, Portland , Maine

☆ The US Postal Service lost $6.5 billion last year. It predicted it would break even
▼ + stars: | 2023-11-15 | by ( Chris Isidore | ) edition.cnn.com time to read: +3 min

New York CNN —The US Postal Service lost $6.5 billion in its just-completed fiscal year, delivering a blow to the service’s hopes of a financial turnaround. The Postal Service had projected it would break even in the fiscal year that ended September 30, on its way to annual profits this year and going forward. The Postal Service reported that revenue from shipping and packages, now the largest segment of its business by revenue, edged up 1% to $31.6 billion, even as the volume fell by 2%. First-Class mail also brought in 2% more revenue, climbing to $24.5 billion, despite a 6% drop in volume. The Postal Service reported net income of $56 billion in the previous fiscal year but that was primarily due to the non-cash gain of nearly $57 billion from 2022 legislation that changd the way it accounted for its retiree health care expenses.

Persons: General Louis DeJoy, DeJoy, ” Organizations: New, New York CNN, US Postal Service, Postal Service, UPS, Teamsters, FedEx Locations: New York

☆ US Postal Service reports $6.5 billion net loss for 2023 fiscal year
▼ + stars: | 2023-11-14 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

A United States Postal Service (USPS) mail delivery truck is seen in Queens, New York City, U.S., May 9, 2022. Postal Service on Tuesday reported a $6.5 billion net loss for the 12 months ending Sept. 30 with revenue down 0.4% to $78.2 billion as first-class mail fell to the lowest volume since 1968. The Postal Service said results were significantly affected by the impact of inflation on operating expenses. The net loss was also impacted by accounting for its underfunded retirements caused by actuarial revaluation and discount rate changes. First-class mail, used by most people to send letters and pay bills, is the highest revenue-generating mail class, accounting for $24.5 billion, or 31% of USPS 2023 revenue.

Persons: Andrew Kelly, General Louis DeJoy, Joe Biden, David Shepardson, Chris Reese, Aurora Ellis Organizations: United States Postal Service, REUTERS, Rights, U.S . Postal Service, Postal Service, USPS, Thomson Locations: Queens , New York City, U.S

☆ I was a USPS letter carrier for 44 years. To protect us from extreme heat, the postal service needs to provide more training and air-conditioned trucks.
▼ + stars: | 2023-08-20 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +5 min

Mike Kurz worked as a USPS letter carrier for 44 years before retiring this May. And in the past couple of years, there's been a handful of letter carriers who have died from heat-related illness. I learned the signs of heat-related illness, and it saved meThroughout my career, I suffered heat-related illness often, with at least one incident every few years. In order to protect letter carriers from heat-related illness and death, the postal service should improve the quality of their heat-safety training and invite experienced letter carriers like me to lead them. Letter carriers have to remember their health is more important than the mailI also tell my fellow letter carriers to use wet towels on their heads and neck to keep cool.

Persons: Mike Kurz, Kurz, It's, there's, Andrew Kelly, —, Louis DeJoy, they're, we've, I've, terry Organizations: Service, US Postal Service, USPS Locations: Wall, Silicon, Elizabeth City , North Carolina

☆ Stamp prices are going up starting Sunday
▼ + stars: | 2023-07-08 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +1 min

New York CNN —The US Postal Service will increase prices on first-class mail stamps to 66 cents from 63 cents. The Postal Service said the hike was necessary to offset a rise in operating expenses. Surging prices have dented business across the globe over the past two years, in many cases pushing up workers’ wages and increasing the costs of doing business. “These price adjustments are needed to provide the Postal Service with much needed revenue,” the agency said in a statement. Domestic postcards will also increase from 48 cents to 51 cents, and international postcards from $1.45 to $1.50.

Persons: General Louis DeJoy, Trump Organizations: New, New York CNN, US Postal Service, Postal Service, Service Locations: New York

☆ Financial fraudsters are targeting postal workers to steal their mailbox keys, so USPS is trying something new
▼ + stars: | 2023-05-13 | by ( Bethany Biron | ) www.businessinsider.com time to read: +3 min

USPS and the Postal Inspection Service announced it is cracking down on robberies and mail theft. Incident rates of attacks against mail workers and theft from blue collection boxes are on the rise. But less talked about is another issue: Thieves targeting postal workers themselves. Robbers specializing in financial fraud schemes are increasingly stealing mail straight from the hands of mail workers, or stealing their keys to mailboxes. So the United States Postal Service is implementing new policies and security efforts to curb the worsening problem.

☆ Senators say new US Postal Service pay plan will cut rural worker compensation
▼ + stars: | 2023-05-05 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, May 5 (Reuters) - A group of six U.S. senators on Friday urged the U.S. Postal Service (USPS) to delay implementation of a new compensation system that it says will reduce pay for tens of thousands of rural postal delivery workers. The senators -- Democrats Ron Wyden Elizabeth Warren, Sherrod Brown, Ed Markey and John Fetterman and independent Bernie Sanders -- in a letter to U.S. Postmaster General Louis DeJoy said the automated Rural Route Evaluated Compensation System should not be used "until the system’s serious flaws are rectified." They also asked how USPS "will reimburse rural carriers for lost earnings when the system makes an inaccurate determination about their routes." Reporting by David ShepardsonOur Standards: The Thomson Reuters Trust Principles.

☆ Inflation hits the mailbox: Postage stamp prices are rising, again
▼ + stars: | 2023-04-12 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +2 min

The US Postal Service said Monday that it filed a notice with its regulators to increase prices on first-class mail stamps to 66 cents from 63 cents. The Postal Service said the hike was necessary to offset a rise in operating expenses. Surging prices have dented business across the global economy over the past two years, pushing up workers’ wages and increasing the costs of doing business. “These price adjustments are needed to provide the Postal Service with much needed revenue,” the agency said in a statement. Domestic postcards will also increase from 48 cents to 51 cents, and international postcards from $1.45 to $1.50.

☆ Say goodbye to the iconic mail truck — the postal service is electrifying its fleet, beginning with more than 9,000 new vehicles
▼ + stars: | 2023-03-01 | by ( Aidan Pollard | ) www.businessinsider.com time to read: +2 min

The USPS will put more than 9,000 electric mail trucks on the road, electrifying America's oldest vehicle fleet. The postal service plans to spend nearly $10 billion on its electrification plan. The postal service will also install 14,000 charging stations at USPS facilities. "Electrification of our vehicle fleet is now an important component of these initiatives." The postal service has not yet announced where the first electric vehicles will be deployed, noting in a press release that it is still weighing the best routes for the new vehicles.

The Postal Service expects all priority mail packages shipped by Dec. 19 and express packages shipped by Dec. 23 to arrive at their destinations by Christmas. “The Postal Service has shown an inclination to do whatever it takes to avoid the nightmare that they had in 2020. “I am deeply concerned about the severe delays and interruptions in postal service experienced by Montanans,” Daines said in a statement. Earlier this year, Congress appropriated $107 million to the Postal Service to fund a systemwide overhaul to modernize equipment and facilities. “We expect a very successful 2022 peak holiday season,” said Albert Ruiz, a Postal Service spokesperson.

☆ U.S. Postal Service to transform delivery fleet with 66,000 electric vehicles by 2028
▼ + stars: | 2022-12-20 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Three United States Postal Service (USPS) mail trucks are parked in front of the post office in Danville. On July 20, the USPS announced that at least 40 percent of its Next Generation Delivery Vehicles (NGDVs) and commercial off-the-street (COTS) vehicles will be battery electric vehicles. Postal Service said Tuesday that it intends to purchase at least 66,000 electric delivery vehicles as part of a push to transform its delivery fleet. The electric vehicles would amount to more than half the 106,000 vehicles it plans to acquire for delivery between now and 2028. The new vehicles will start to replace its aging fleet of 220,000 vehicles, the Postal Service said in a press release.

☆ USPS mail trucks are going all-electric, report says
▼ + stars: | 2022-12-20 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

The Washington Post reported the agency has a plan to go almost entirely zero-emissions by 2026. The USPS will spend nearly $10 billion to buy 66,000 electric vehicles and the infrastructure needed to keep them running, The Washington Post reported Tuesday morning. The USPS' fleet replacement plan has been contentious as President Biden has placed pressure on government agencies to go entirely zero-emissions by 2035. Meanwhile, as The Post reported, this may also increase pressure on the USPS' competitors to expedite their own EV transitions. FedEx is planning an entirely electric fleet and a carbon-neutral business by 2040.

☆ U.S. states urge postal service to halt gas vehicle purchases
▼ + stars: | 2022-08-15 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

Postal Service (USPS) to halt planned purchases of gasoline-powered delivery vehicles pending a new environmental review, in a statement on Monday that encouraged the purchase of electric vehicles (EVs). USPS announced plans last month to buy at least 25,000 electric delivery vehicles - more than twice its prior estimate - to replace its aging fleet. USPS declined immediate comment. Postmaster Louis DeJoy last month declined to say how much the first 25,000 EVs would cost. USPS declined to say on Monday how they might spend the $3 billion.

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