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☆ Ford just reported a massive loss on every electric vehicle it sold
▼ + stars: | 2024-04-24 | by ( Chris Isidore | ) edition.cnn.com time to read: +4 min

But it is the only traditional automaker to break out results of its retail EV sales. And the results it reported Wednesday show another sign of the profit pressures on the EV business at Ford and other automakers. The EV unit, which Ford calls Model e, sold 10,000 vehicles in the quarter, down 20% from the number it sold a year earlier. Some are also sold in its Ford Pro unit, which handles fleet sales to businesses and government buyers. The number of vehicles sold by Ford Pro was up 21% to 409,000.

Persons: Ford, John Lawler, Jim Farley, Tesla Organizations: New, New York CNN, Ford, ”, Ford Pro, US Postal Service, General Motors, American EV, Jeep, Dodge, Chrysler, European EV Locations: New York, EBIT, North America

☆ 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

☆ Biden administration bolsters protections for federal workers, getting ahead of potential Trump moves
▼ + stars: | 2024-04-04 | by ( Betsy Klein | Tami Luhby | ) edition.cnn.com time to read: +7 min

Washington CNN —The Biden administration has finalized a new rule bolstering protections for career federal workers, marking a move to preemptively halt or significantly slow any efforts by former President Donald Trump, should he win in November, to reduce or alter the federal workforce. Critics warned that the order would allow the president to fill the federal workforce with his loyalists. Trump’s executive order created a new classification of federal employees titled “Schedule F” for employees serving in “confidential, policy-determining, policy-making, or policy-advocating positions” that typically do not change during a presidential transition. It strengthens and clarifies existing rights for career civil servants by making clear that civil service protections cannot be taken away from employees unless they give them up voluntarily. “The threat of a politicized civil service is too great, and too real, for this to be the end of our efforts,” he said in a statement.

Persons: Washington CNN —, Biden, Donald Trump, Joe Biden, Trump, ”, Bitsy, ” Skerry, “, Skerry, Gerry Connolly, Connolly, Brian Fitzpatrick, Biden’s, ” Everett Kelley, Doreen Greenwald, CNN’s Veronica Stracqualursi, Kevin Liptak Organizations: Washington CNN, “, Public Citizen, Customs, US Postal Service, Biden, CNN, Trump, Management, Virginia Democrat, Technology, Government Innovation, Republican, American Federation of Government Employees, District of Columbia, National Treasury Employees Union Locations: Washington ,, Virginia, Pennsylvania

☆ Lance Armstrong says that he experience PTSD and had intensive therapy – ‘all alone, one-on-one, 10 hours a day’
▼ + stars: | 2024-03-16 | by ( George Ramsay | ) edition.cnn.com time to read: +4 min

CNN —Lance Armstrong experienced post-traumatic stress disorder (PTSD) and used an intensive therapy approach in the years after he admitted taking performance-enhancing drugs, the former professional cyclist told “The Great Unlearn” podcast. “I went from hero to zero overnight,” the 52-year-old said on an episode of “The Great Unlearn” podcast released on Tuesday. “There was a mile-long list of lawsuits,” Armstrong told “The Great Unlearn” podcast. On “The Great Unlearn,” Armstrong said that he engaged in “couch therapy” in the years after his Oprah interview before deciding that he needed “something different and deeper” to cope with his PTSD. In an interview with CNN in 2014, Armstrong explained that he wasn’t considering therapy, saying: “My therapy is riding my bike, playing golf and having a beer.

Persons: Lance Armstrong, “, Armstrong, Oprah Winfrey, ”, Oprah, ” Armstrong, it’s, It’s Organizations: CNN, de France, Doping Agency, US Postal Service, American Psychological Association, Tour de France Locations: Texas, Tennessee

☆ The rarest US stamp is going up for auction. It’s expected to sell for millions
▼ + stars: | 2024-03-13 | by ( Harmeet Kaur | ) edition.cnn.com time to read: +5 min

This summer, philatelists will have a chance to snag the rarest US stamp ever: the 1868 one-cent “Z-grill.”Interested? On June 14, the one-cent Z-grill will be put up for sale by Robert A. Siegel Auction Galleries, marking the first time the rare stamp has been on auction since 1998. Of the two known copies of the one-cent Z-grill, one is held by the New York Public Library. That leaves only one one-cent Z-grill available to private collectors. “There’s multiple stamps that’ll bring $500,000 or $750,000, but the (one-cent) Z-grill is the star of the show,” Shreve said.

Persons: Robert A, Bill Gross, “ It’s, ”, Charles Shreve, Gross, “, Benjamin Franklin, Scott Trepel, ” Trepel, Trepel, Jerry Buss, Shreve, ‘, ’ ” Shreve, Don Sundman, ” Shreve Organizations: CNN, British, New York Public Library, US Post, Los Angeles Lakers, Pacific Investment Management Company, US Postal Service Locations: New York, British Guiana

☆ 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

When her husband, a UPS truck driver, nearly died from heatstroke, Theresa Klenk stepped in to help workers negotiate for air conditioning in all UPS trucks. At the time, she said, no UPS drivers wanted to speak up about the increasingly brutal conditions for fear of being reprimanded. According to UPS, drivers stop on average every three minutes — barely enough time for air-conditioning to make a dent. This year’s record heat caused dozens of deaths, filled some hospitals to pandemic levels and prompted government warnings about avoiding extended exposure to heat. It was a bittersweet victory for Jim and Theresa Klenk.

Persons: Jim Klenk, Klenk, Theresa Klenk, hadn’t, Jim, Theresa, Jim didn’t, ”, Zoe Todd, Jim’s, Joe Raedle, Jordan Barab, “, Michael Dwyer, Memphis , Tennessee —, Theresa said, didn’t, weren’t, ” Theresa, Mike Blake, Sean O’Brien, doesn’t, ” — CNN’s Clare Duffy Organizations: New, New York CNN, UPS, Teamsters, “, CNN, Occupational Safety, Health Administration, OSHA, US Chamber of, Bureau of Labor Statistics, US Postal Service, FedEx, Amazon, Kroger, Teamster Locations: New York, Freehold , New Jersey, heatstroke, Miami, Texas, Memphis , Tennessee, Atlanta, ”, L.A

☆ US Postal Service seeks to hike stamp prices to 68 cents
▼ + stars: | 2023-10-06 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

A United States Postal Service (USPS) mailbox is seen in Manhattan, New York City, U.S., May 9, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsOct 6 (Reuters) - The United States Postal Service (USPS) said on Friday it wants to raise the price of first-class mail stamps to 68 cents from 66 cents effective Jan. 21. The proposal, which must be approved by the Postal Regulatory Commission, would raise mailing services product prices by about 2%, significantly less than prior price hikes. Stamp prices are up 32% over the last four years since early 2019 when they were 50 cents. USPS has been raising stamp prices twice yearly and expects its "new pricing policy to generate $44 billion in additional revenue" by 2031.

Persons: Andrew Kelly, David Shepardson, Chris Reese, Sandra Maler Organizations: United States Postal Service, REUTERS, Postal Regulatory Commission, USPS, Service, U.S . Congress, Thomson Locations: Manhattan , New York City, U.S

☆ Taylor Swift is 'probably the only person who can' defeat Trump in 2024, says former Trump aide
▼ + stars: | 2023-10-06 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

Taylor Swift may be the "only person" who can defeat Trump in 2024, says an ex-Trump aide. Alyssa Farah Griffin previously served as Trump's White House communications director. AdvertisementAdvertisementTaylor Swift may have the best chance of beating Donald Trump in next year's presidential election, said a former White House communications director for Trump. "During the day on Tuesday, we saw a 1,226% jump in participation the hour after Taylor Swift posted," Andrea Hailey, CEO of Vote.org, told Insider in a statement. Representatives for Swift and Trump did not immediately respond to requests for comment from Insider sent outside regular business hours.

Persons: Taylor Swift, Alyssa Farah Griffin, Griffin, —, Donald Trump, he's, she's, Swift, Andrea Hailey, Trump, Donald Trump's, Joe Biden Organizations: Trump, House, Service, White House, Politico, US Postal Service, Swift

☆ What happens if the government shuts down: An illustrated guide
▼ + stars: | 2023-09-29 | by ( Amy O'Kruk | Tami Luhby | ) edition.cnn.com time to read: +4 min

A government shutdown happens when Congress doesn’t approve funding for the federal government by the time the new fiscal year starts on October 1. What it means for youBecause many federal workers are off the job during a government shutdown, many services are stopped or slowed, disturbing the day-to-day life for many Americans. What it means for government workersWhen a shutdown occurs, millions of federal employees and military service members do not get paid until it ends. During the last government shutdown in 2018-19, an estimated 420,000 federal employees worked without pay and another 380,000 were furloughed. Unlike federal workers, contractors have no guarantee of getting back pay once the government reopens.

Persons: wasn’t Organizations: CNN —, Social, Postal Service, Employees, NASA, Department of Homeland Security, Federal Aviation Administration, EY, of Labor Statistics, Federal Reserve, Small Business Administration, Securities and Exchange Commission, SEC

☆ How a Google loophole lets drug dealers hijack nearly any website — including our own
▼ + stars: | 2023-09-28 | by ( Katherine Long | ) www.businessinsider.com time to read: +15 min

Nor does it always appear to pay attention to other signals webmasters code in asking Google not to index their search results. It's why someone advertised how to buy cocaine and fentanyl in Pittsburgh on a National Institutes of Health website. It directs searchers to the Telegram user who offered to sell Insider cocaine, heroin, and methamphetamines. The proliferation of drug ads in search results lands amid a growing upswell of discontent with what some users and website owners say is the declining quality of Google Search. For now, a simple Google search leads prospective drug buyers to markets on Telegram.

Persons: Jake Swearingen, Jane, Ted Kubaitis, Katherine Long, Monica Barratt, Barratt, Kubaitis, Davis, Timothy Mackey, Mackey, Erin Lalor, Eric Schwartzman, They're, Zack Onisko, Dribbble Organizations: Google, Food and Drug Administration, Interpol, United Nations, Food, FDA, Ontario, UN, Drugs, US Postal Service, Cash, Telegram, Scottish, Royal Melbourne Institute of Technology, Centers for Disease Control, National Institutes of Health, Cleveland Clinic, Drug, Australian Alcohol and Drug Foundation, IRS, Tricare, Alabama Department of Public Health, East Tennessee State University, University of California, University of Chicago, The New York Times, Bloomberg, CNBC, The Washington Post, UC San Diego's Global Health, Data, Alcohol, Drug Foundation, East Tennessee University Locations: Ontario, Canada, cryptocurrency, Fresno , California, Pittsburgh, Clairton , Pennsylvania, New York, Dayton , Ohio, Goodlettsville , Tennessee, Alabama, Maine, Seattle

☆ Strong housing demand will support prices most in these 6 cities as people move to them in droves, according to John Burns Research — but these 13 cities are most at risk as their populations drain
▼ + stars: | 2023-09-08 | by ( William Edwards | ) www.businessinsider.com time to read: +2 min

John Burns Research and Consulting recently published a list of cities and their migration trends. But looking at the demand side of the equation via population trends can give you an idea of where people increasingly desire to live or leave. In a late-August note, Chris Porter and John Burns of John Burns Research and Consulting published a list of cities where they see migration trends rising and falling, citing address change data from the US Postal Service. "We now monitor domestic migration trends in near real time, using postal address change forms that are current within a few months. In the note, they separated the cities into tiers where migration trends are changing most and only slightly.

Persons: John Burns, Chris Porter, Porter, Burns Organizations: John Burns Research, Consulting, Boston, US Postal Service Locations: Denver, Nashville, San Diego

☆ 'Where ambition goes to die': These tech workers flocked to Austin during the pandemic. Now they're desperate to get out.
▼ + stars: | 2023-08-31 | by ( Ben Bergman | Jordan Pandy | ) www.businessinsider.com time to read: +11 min

Many tech workers in California moved to Austin during the pandemic in search of a new lifestyle. Some tech workers say they regret moving there, given its middling tech scene and "fake" atmosphere. They cited several contributing factors, including extreme temperatures, traffic, overcrowding, and — perhaps most surprising — a middling tech scene that fails to live up to the hype. From Silicon Valley to the Silicon HillsNot long ago, Austin's tech scene was ascendant, with national headlines suggesting it could take on Silicon Valley. He acknowledged there's not much of a tech scene there but will take that over what he perceived as Austin's smoke and mirrors.

Persons: Austin, Mike Chang, Chang, Tesla, Danielle Fountain, Fountain, Elon Musk, Jim Breyer, Joe Lonsdale, Bill Gurley, Musk, Gurley, Emily Chang, John Andrew Entwistle, who's, John Andrew Entwistle Entwistle, Entwistle, oversold, Nicholas Falldine, there's, Nick Thomas, Austin doesn't, Thomas, he's, Sam Parr, I'm, Sheharyar, Redfin, Bokhari, It's, frolic Organizations: Oracle, Facebook, Google, Apple, Breyer Capital, Austin Chamber, Austin, Lone Star, US Postal Service Locations: California, Austin, Los Angeles, Bay, Silicon, Silicon Valley, Austin's, Palo Alto, Westchester County , New York, Fayetteville , Arkansas, Austin , Texas, San Francisco

☆ 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

☆ 'It was a death trap.' Their loved ones died working in the extreme heat. Now they demand change
▼ + stars: | 2023-08-19 | by ( ) edition.cnn.com time to read: +9 min

By Friday, he had his accident, and my son was gone Saturday morning,” Velma Infante, his mother, told CNN. CNN spoke to two women who lost loved ones who died while working outdoors in the extreme heat. According to what Eugene’s then-supervisor told Carla, her husband collapsed in a neighbor’s front yard while delivering mail. Velma Infante carries this vial which holds a print out of her son Gabriel's last heart beats. Velma Infante worries that other state governors might follow Abbott’s example and implement similar laws that could potentially roll back local worker protections.

Persons: Los Angeles CNN — Gabriel Infante, “, Gabriel’s, Joshua Espinoza, Infante, EMTs, Infante wasn’t overdosing, ” Velma Infante, ”, Carla Gates, Eugene Gates, ’ Gates, Eugene, Carla, ” Gates, Carla didn’t, ” Carla, Eugene’s, Gates, Kimetra Lewis, Aaron Fisher, ’ Infante, Velma, ” Infante, Gabriel, ” Velma, Velma Infante, Gabriel's, John General, ’ ” Velma, Greg Abbott’s, Biden, we’re Organizations: Los Angeles CNN, CNN, US Postal Service, Dallas, Medical, National Association of, Carriers, USPS, Texas, Occupational Safety, Health Administration Locations: San Antonio , Texas, Bexar County , Texas, Bexar County, Dallas, Texas, Lakewood , Texas, Gates, Austin

☆ Amazon is expanding its own shipping service that directly competes with FedEx and UPS, email invite shows
▼ + stars: | 2023-08-18 | by ( Eugene Kim | ) www.businessinsider.com time to read: +4 min

Amazon is inviting sellers to use its own in-house shipping service, called Amazon Shipping. Amazon is significantly expanding its own shipping service that competes with FedEx and UPS. Earlier this week, Amazon invited some sellers to use Amazon Shipping, its own in-house delivery service, according to an email invite seen by Insider. If the merchant used Amazon's fulfillment service, Amazon would decide which delivery service their packages would go through, whether it's UPS or Amazon's own shipping service. However, with Amazon Shipping, sellers now have the choice to use Amazon Shipping directly, even if they are shipping from their own warehouse.

Persons: It's, Pitney Bowes, That's, Olivia Connors Organizations: Amazon, Amazon Shipping, FedEx, UPS, US Postal Service, Pitney, Amazon's, eBay, Bloomberg Locations: United States, France, Italy, Spain, India, Los Angeles, London

☆ US postal workers say agency's productivity tracking and inconsistent training is life-threatening amid extreme heat
▼ + stars: | 2023-08-06 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +8 min

The USPS letter carriers who spoke to Insider requested anonymity because they were concerned about possible retaliation. "I've had several days where I'd have to stop and try to cool down," she told Insider. The program is designed to educate letter carriers on the warning signs of heat-related illness and how to stay safe amid high temperatures. This year, the National Associated of Letter Carriers has ordered every local branch to review its training completion records. "This is easily the worst summer yet," the rural letter carrier from Texas told Insider.

Persons: Eugene Gates Jr, Gates, Kimetra Lewis, Eugene Gates , Jr, Albert Ruiz, —, Brian Renfroe, Renfroe, I've, Lewis, Darlene Casey, It's Organizations: Service, US Postal Service, National Association of, Postal, USPS, National Labor Relations Board, South Carolina, National, Carriers, Postal Service, Washington Post, Texas Tribune, Workers Locations: Wall, Silicon, Texas, Dallas , TX, Lakewood, South, South Carolina, United States

☆ There are almost no national safety rules protecting US workers exposed to high heat
▼ + stars: | 2023-07-21 | by ( Chris Isidore | ) edition.cnn.com time to read: +9 min

The National Weather Service recorded a high temperature of 97 degrees at the Dallas Love Field airport that day. The human body’s primary way to deal with high heat is through sweating, which cools the body when it evaporates. But despite these risks, getting a clear set of rules to protect workers from high heat has proved difficult. OSHA heat safety rulesEven without a specific heat standard, OSHA can fine employers that let heat get unsafe for workers under a “general duty” rule requiring safe work places. “That’s why a heat standard would be much more useful.”OSHA said protecting workers from heat is a major priority.

Persons: ”, Jordan Barab, “, ” Eugene Gates , Jr, Carla Gates, I’m, Kimetra Lewis, Gates, Larry Kenney, Kenney, Barab, Doug Parker, Marc Freedman, Biden, ” –, Angela Fritz Organizations: New, New York CNN, Occupational Safety, Health Administration, Biden, US Chamber of Commerce, AFL, “, Labor Statistics, Lakewood Post, National Weather Service, Dallas Love, US Postal Service, CNN, National Association of, Carriers, Penn State, First Street Foundation, OSHA, Commerce Locations: New York, California, Florida, Lakewood, Dallas, Gates, United States

☆ The Labor Department only fines businesses on average $8,500 when a worker dies from a heat-related illness
▼ + stars: | 2023-07-16 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +4 min

The average federal fine for a US employer, when a worker dies from heat-related illness, is $8,539.98. The three-year average of heat-related worker deaths has doubled since 1990, a 2021 report from NPR and Columbia Journalism Investigations revealed. According to federal data reported between 2017 and 2022, the Department of Labor fines businesses governed by federal OSHA regulations an average of just $8,539.98 if an employee dies because of heat-related illness. Gleason also noted that federal OSHA fines for worker deaths are significantly smaller than that of other federal agencies. "The average Environmental Protection Agency penalty is 10 times that of federal OSHA for a worker that dies," Gleason said.

Persons: Eugene Gates Jr, Felipe Pascual, Richard Gleason, Gleason, West Virginia —, Thomas Linkous, — Farrell, — Organizations: Service, NPR, Columbia, Investigations, US Postal Service, University of Washington, Occupational Safety, Health Administration, Department, Labor, OSHA, Environmental, Agency, The Department Locations: United, Wall, Silicon, United States, Dallas, Houston, West Virginia, Wisconsin, California, Washington, Oregon

☆ These are the 3 best markets for long-distance real-estate investors to capitalize on both strong cash flows and property value appreciation, according to an expert who's written multiple books on inv
▼ + stars: | 2023-07-14 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

David Greene says Alabama, Southern Georgia, and Northern Florida are ripe markets for appreciation. I do think appreciation is likely to be experienced later because of the increasing population that's moving there," Greene said on the podcast. According to Census Bureau data compiled by the National Association of Realtors, Florida's population grew the most in absolute terms out of any US state in 2022, while Georgia grew the sixth-most and Alabama grew the ninth-most. Cities they found where the population grew above 6% last year include Ocala, Florida; Tallahassee, Florida; Savannah, Georgia; and Deltona, Florida. National Association of RealtorsData also shows that median home prices in Alabama, Georgia, and Florida are cheaper than the national median of $436,800.

Persons: David Greene, bullish, Greene, Southern Georgia Daniela Duncan, Austin Organizations: Alabama, Florida Bown Media, Getty, National Association of Realtors, NAR, US Postal Service, National Association of Realtors Data, Rocket Mortgage Locations: Alabama, Southern Georgia, Northern Florida, Phoenix, Nashville, Austin, Alabama Montgomery , Alabama, Northern Florida Pensacola, Florida, New York, New Jersey, Birmingham, Bentonville , Arkansas, Florida's, Georgia, Ocala , Florida, Tallahassee , Florida, Savannah , Georgia, Deltona , Florida, Alabama , Georgia

☆ 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

☆ US Postal Service hiking stamp prices Sunday
▼ + stars: | 2023-07-07 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

FILE PHOTO: A person enters a United States Postal Service (USPS) Post Office in Manhattan, New York City, U.S., May 9, 2022. REUTERS/Andrew KellyWASHINGTON (Reuters) - The United States Postal Service (USPS) is hiking the price of first-class mail stamps to 66 cents from 63 cents effective Sunday. This is the latest in a series of price increases to help offset inflationary pressures and declining first-class mail volumes. The Postal Service on Sunday is raising overall first-class mail prices by 5.4% after the Postal Regulatory Commission gave approval. USPS is raising stamp prices twice yearly and expects its “new pricing policy to generate $44 billion in additional revenue” by 2031.

Persons: Andrew Kelly WASHINGTON, Joe Biden, Biden Organizations: United States Postal Service, REUTERS, Postal Service, Postal, Commission, USPS, Service Locations: Manhattan , New York City, U.S

☆ The US economy can’t function smoothly without UPS. That’s why a strike will hurt
▼ + stars: | 2023-07-07 | by ( Chris Isidore | ) edition.cnn.com time to read: +8 min

That’s why there is so much at stake in contract negotiations between UPS and the Teamsters union. Without a deal, 340,000 Teamsters are preparing to go on strike at the nation’s largest trucking company starting August 1. A UPS strike could spread disruptions like that across much of the country. Their ability to adjust and find alternatives, it’s going to be challenging.”The economy has changed radically in the 26 years since the last UPS strike in 1997. UPS won’t comment on its contingency plans, saying it is focused on reaching a deal that would avoid a strike.

Persons: ”, Patrick Anderson, It’s, “, Sean O’Brien, O’Brien, it’s, Holly Wade, Satish Jindel, Mike Eisner, Jindel, Eisner, Tommy Storch, you’ll, it’ll, ” Storch Organizations: New, New York CNN, UPS isn’t, UPS, Teamsters, Anderson Economic Group, CNN, “ Shipping, National Federation of Independent Business, FedEx, US Postal Service, Postal Service, USPS Locations: New York, Michigan

New York CNN —A marathon negotiating session between UPS and the Teamsters union ended early Wednesday morning with both sides accusing the other of walking away from the table. The current contract expires July 31, which means 340,000 UPS workers could go on strike August 1. Many in the shipping community had been looking for a deal between UPS and the teamsters by the end of the July 4 holiday weekend, he said. Amazon also has its own delivery service now. Neither side has publicly detailed the economic offer that UPS made or what the Teamsters are demanding.

Persons: Satish Jindel, ”, ” Jindel, —, Sean O’Brien, “, ” What’s Organizations: New, New York CNN, UPS, Teamsters, US Postal Service, nonunion FedEx, teamsters, FedEx, Postal Service Locations: New York, ”

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