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☆ U.S. Postal Service Proposes Raising Stamp Prices Again
▼ + stars: | 2024-04-10 | by ( Mike Ives | More About Mike Ives | ) www.nytimes.com time to read: +1 min

The United States Postal Service on Tuesday proposed an overall increase of nearly 8 percent on the price of postage, the latest in a series of stamp hikes over the past three years. The new prices would take effect in July, pending approval from an independent regulatory commission. Among other changes, a Forever stamp would cost 73 cents instead of 68 cents, and the price of a domestic postcard would rise to 56 cents from 53 cents. The Postal Service has faced financial issues for years because it is required to fund retiree health care benefits for its employees in advance. It’s also facing headwinds, like other postal services globally, as fewer people send mail.

Persons: It’s Organizations: United States Postal Service, Postal Service

☆ UPS to replace FedEx as U.S. Postal Service's primary air cargo provider
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: +2 min

United Parcel Service will become the United States Postal Service's (USPS) primary air cargo provider, the company said on Monday, as rival FedEx announced an end to its more than 20-year partnership with the postal service provider. USPS was the largest customer for FedEx's air-based Express segment, even as payments declined after the postal service shifted letters and packages from planes to more economical trucks. 1 USPS domestic air contractor, FedEx had supported the agency's Priority Mail and other quick services. "The parties were unable to reach agreement on mutually beneficial terms to extend the contract," FedEx said in a securities filing on Monday. USPS' payments to FedEx shrank to about $1.7 billion in fiscal 2023, from $2.4 billion during the fiscal year ended September 2020.

Persons: Thomas Martin, FreightWaves Organizations: Parcel Service, United States Postal, FedEx, UPS, USPS, GLOBALT Investments, Air Line Pilots Association Locations: Atlanta

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

☆ Stocks making the biggest moves premarket: Micron Technology, 3M, AT&T, Delta Airlines and more
▼ + stars: | 2024-04-01 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Micron Technology — Shares ticked up roughly 1.1% after Bank of America increased its price target on the chipmaker, with the analyst forecasting high-bandwidth memory technology demand will grow to more than $20 billion by 2027. 3M — Shares of the manufacturer rose nearly 3% Monday. Barrick Gold, Royal Gold — The gold miner and gold royalty company, respectively, rose 2% and 1.7%. Delta Airlines — Shares climbed about 2% after Morgan Stanley named the Atlanta-based airline stock a top pick for 2024. UPS — Shares ticked up nearly 2% following news that the shipping company would become the primary air cargo provider for the United States Postal Service.

Persons: Robinson, Brandon Oglenski, Barrick, Wells, Morgan Stanley, Michael Saylor, —, Lisa Kailai Han, Jesse Pound, Alex Harring Organizations: Micron Technology, Bank of America, Hunt Transport, C.H, Barclays, Federal, Devon Energy, Delta Airlines, UPS, United States Postal Service Locations: Wells, Atlanta

☆ What’s open and closed on Easter Day 2024?
▼ + stars: | 2024-03-30 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

On Easter Sunday, Christians celebrate the resurrection of Jesus Christ on the third day after his crucifixion. Here’s what’s open and closed on Easter Sunday 2024. Most Kroger stores and the grocery stores under its umbrella will be open on Easter, the company said. Postal servicesSince it’s a Sunday, United States Postal Service won’t be delivering mail. There will be no UPS pickup or delivery service, and UPS Store locations may be closed but Express Critical will be available.

Persons: Jesus Christ, Jesus, TJ Maxx Organizations: New, New York CNN, National Retail Federation, Retail, Costco, Sam’s, Kroger, Shoppers, Walmart, New York Stock Exchange, Nasdaq, United States Postal Service, FedEx Locations: New York, HomeGoods, Sierra

☆ What’s open and closed on MLK Day 2024
▼ + stars: | 2024-01-14 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

However, the first national celebration of MLK Day didn’t take place until 1986 after years of advocacy. Here’s what’s open and closed on Martin Luther King, Jr. Day 2024. Bing Guan/Bloomberg/Getty ImagesMajor US retailers and grocers — such as Target, Walmart and Kroger — will be open on MLK Day. MLK Day is one of six free entrance days in 2024. FedEx will be open, though FedEx Express and FedEx Ground Economy will be operating on modified service.

Persons: Martin Luther King, Jr, John Conyers, King, Here’s, Bing Guan Organizations: New, New York CNN, MLK, Retail, Costco, Bloomberg, Getty, Major, Target, Walmart, Kroger, Sam’s, US National Parks, United States Postal Service, UPS, FedEx, FedEx Express, Nasdaq, New York Stock Exchange Locations: New York, New Hampshire

☆ Pension-eligible workers face complex Social Security rules that may reduce benefits. How to more accurately estimate retirement income
▼ + stars: | 2023-12-02 | by ( Lorie Konish | ) www.cnbc.com time to read: +6 min

Richard Stephen | Istock | Getty ImagesWhen Joyce Debnam's husband passed away, she began receiving $1,400 a month in Social Security survivor benefits. That life change prompted Debnam's Social Security benefits to be cut to just $174 a month. Moreover, the Social Security Administration notified her she had to return $5,000 in benefits she had been overpaid. Debnam is one of millions of workers who is affected by Social Security rules related to public workers and reductions in the benefits they are eligible to receive. "We recommend that people review their Social Security Statement at least once every year, which includes important information about WEP and GPO," a Social Security spokeswoman said in a statement.

Persons: Richard Stephen, Istock, Joyce Debnam's, Debnam, Mike Carey R, Mike Carey, Carey, Mark Warshawsky, Warshawsky Organizations: Social, United States Postal Service, Debnam's Social, Social Security Administration, Social Security, Congressional Research Service, GPO, Security, American Postal Workers Union, American Enterprise Institute Locations: Debnam, Suitland , Maryland, Ohio, Baton Rouge , Louisiana

☆ How a specialty vehicle manufacturer is electrifying firetrucks
▼ + stars: | 2023-11-28 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +1 min

Pierce has already delivered its Volterra electric firetruck to numerous fire departments across the country and has more on the way. Mail truck? Oshkosh makes them all, along with airport emergency vehicles, tow trucks, concrete mixers, truck-mounted cranes, military vehicles and others. The company makes an electric firetruck called the Volterra and is electrifying other vehicles in other departments. The postal truck is designed so that internal combustion versions can be retrofitted with battery electric technology.

Persons: Pierce Organizations: Oshkosh Corporation, The, Oshkosh, United States Postal Service Locations: North America, The Wisconsin, Oshkosh, Volterra

☆ U.S. passport delays have eased — but aren’t yet back to normal
▼ + stars: | 2023-11-28 | by ( Greg Iacurci | ) www.cnbc.com time to read: +2 min

Tooga | Digitalvision | Getty ImagesRecord passport demand fuels delaysJordan Siemens | Digitalvision | Getty ImagesPassport processing delays resulted from high demand for international travel as pandemic-era health fears and travel restrictions loosened. Before the pandemic, it took two to three weeks for expedited passports and six to eight weeks for routine passport processing, the State Department said. Passport demand generally fluctuates throughout the year. Andrea Comi | Moment | Getty ImagesA traditional passport — a passport book — costs $130. Expedited passport processing costs an extra $60.

Persons: It's, You've, Andrea Comi Organizations: Digitalvision, Getty, Siemens, State Department, Department, Travelers, United States Postal Service

☆ 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

☆ What’s open and closed on Veterans Day 2023
▼ + stars: | 2023-11-10 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

New York CNN —Veterans Day honors active and former US service members. However, since that day falls on a Saturday this year, some will observe the holiday on Friday, November 10. Here’s what will be open and closed on Veterans Day 2023 and the day on which some will observe it. On Friday, the day before Veterans Day, FedEx will operate as normal except for modified service for FedEx Express and FedEx Ground Economy. On Saturday, FedEx will close FedEx Ground, FedEx Ground Economy and FedEx Freight.

Persons: JPMorgan Chase, Wells, Justin Sullivan, Mario Anzuoni, Joe Raedle Organizations: New, New York CNN, Veterans, Banking Federal, Governors, Bank of America, Saturday, JPMorgan, Bank, Citibank, The New York Stock Exchange, Nasdaq, Veterans Day, FedEx, FedEx Express, Economy, FedEx Freight, United States Postal Service, Reuters Government, Miami - Dade Public Library, Getty, Target, Walmart, Kroger Locations: New York, Wells Fargo, San Bruno , California, ”, Miami, Miami , Florida

☆ What’s open and closed on Columbus Day and Indigenous Peoples’ Day
▼ + stars: | 2023-10-08 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Americans celebrate Indigenous Peoples’ Day and Columbus Day on the second Monday of October each year. Indigenous Peoples’ Day recognizes the contributions and legacy of those who lived here long before Christopher Columbus erroneously claimed to have discovered America. President Joe Biden formally recognized Indigenous Peoples’ Day in 2021 by signing a proclamation stating that federal policies “systematically sought to assimilate and displace Native people and eradicate Native cultures.”Some states officially celebrate Indigenous Peoples’ Day and others commemorate it through proclamations. More than 100 cities have replaced Columbus Day altogether with the holiday. Chase Bank and TD Bank will be open for Indigenous Peoples’ Day.

Persons: Christopher Columbus, Joe Biden, “ Organizations: New, New York CNN, Indigenous, Columbus, ’, Indigenous Peoples, Federal Reserve, Nasdaq, New York Stock Exchange, Banks, Bank of America, Citibank, Chase Bank, TD Bank, Mail, United States Postal Service, UPS, FedEx, FedEx Express, Target, Walmart, Kroger Locations: New York, America, Wells Fargo

☆ 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

☆ Passport delays are still long: Apply at least 6 months ahead of travel, says State Department
▼ + stars: | 2023-09-22 | by ( Greg Iacurci | ) www.cnbc.com time to read: +3 min

Americans should review current processing times before making any definite or nonrefundable travel plans, a State Department spokesperson said. A routine passport application currently takes 10 to 13 weeks to process, according to the State Department. Expedited passport processing costs an extra $60. For comparison, before the pandemic, it took two to three weeks for expedited passports and six to eight weeks for routine passport processing, the State Department said. The price varies depending on the area of the country, according to the State Department.

Persons: Antony Blinken, Blinken, Thomas Barwick, haven't, you've, Jose Organizations: The State Department, Digitalvision, State Department, United States Postal Service, Urgent

Twelve manufacturers that employ hundreds of people in seven states have been awarded funding and will produce 200 million over-the-counter tests to replenish federal stockpiles for government use, in addition to producing enough tests to meet demand for tests ordered online, the department said. Federal officials said that will help guard against supply chain issues that sparked some shortages of at-home COVID tests made overseas during past surges in coronavirus cases. Political Cartoons View All 1171 ImagesThe tests are designed to detect COVID variants currently circulating, and are intended for use by the end of the year. Postal Service provided more than 755 million tests for free to homes nationwide. O’Connell said manufacturers would be able to spread out the 200 million tests they will produce for federal use over 18 months.

Persons: —, Dawn O’Connell, ” O'Connell, Grandma, O’Connell, “ We’ve, COVID’s, O'Connell, there’s, “ we’re, “, Xavier Becerra, Biden, Harris, Becerra Organizations: WASHINGTON, Biden, of Health, Human Services, United States Postal Service, Federal, HHS, U.S . Postal Service, Harris Administration Locations: U.S

☆ What's open and closed on Labor Day, September 4 holiday
▼ + stars: | 2023-09-03 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +1 min

New York CNN —Labor Day is here, which means summer is winding down and schools are reopening. The first Monday in September also commemorates the American labor movement and contributions workers have made to the US economy. But if you have errands to run, here are the businesses and institutions that will be open and closed on Monday, September 4. Kena Betancur/VIEWpress/Corbis/Getty ImagesMost Walgreens and CVS (CVS) stores will be open during normal hours as well. CVS (CVS) said to call ahead to local stores as some pharmacy hours may be reduced, and other locations could be closed.

Persons: Kena Organizations: New, New York CNN, Labor, Walmart, Kroger, KR, Costco, Walgreens, CVS, United States Postal Service, FedEx, FedEx Office, Banks Labor, NASDAQ, New York Stock Exchange, Government Federal Locations: New York, Teterboro , New Jersey, State

☆ I'm a smug 30-year-old who thought only Luddites like my mom fall for 'smishing' scams. Then it happened to me.
▼ + stars: | 2023-08-26 | by ( Haven Orecchio-Egresitz | ) www.businessinsider.com time to read: +6 min

I'm a smug 30-year-old journalist who grew-up (mostly) computer literate. It wasn't enough to stop me from giving my credit card information to a USPS smishing scam. Haven Orecchio-EgresitzWhen my (non-biological) grandmother moved to Norway, I sent her a small package with some art my 1-year-old made. I then opened it on my laptop so I could click around and make sure it was actually the USPS. You know, that sassy department that sends you scathing emails warning you not to fall for phishing attempts.

Persons: Ellen DeGeneres, she's, Ellen, hasn't, Haven, Mommo, I'm Organizations: United States Postal Service, USPS Locations: Norway

How to fill out a money orderTo take advantage of the various benefits of money orders, you'll need to know how to fill out a money order correctly. Where to buy a money orderOne of the most inexpensive places to buy a money order is Walmart. Here's a quick overview of how much it costs to buy a money order:Places to buy a money order Price to buy a money order Walmart maximum fee of $1 USPS $2 for money orders under $500; $2.90 for money orders of $500.01 to $1,000; $0.65 for postal military money ordersMany grocery stores and convenience stores that you already frequent each week also may sell money orders. Filling out money order FAQsDo money orders expire? You'll need the money order number and precise dollar amount to see if a money order was cashed.

Persons: you've, You'll, you'll, refunding, it's, Here's, Price Organizations: Service, Walmart, United States Postal Service, Western Union Locations: Wall, Silicon, Chevron

☆ FedEx warns delivery drivers to have 'heightened security awareness' if UPS workers go on strike
▼ + stars: | 2023-07-12 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

FedEx sent a memo to its delivery force encouraging security awareness in the event of a strike. Unlike unionized UPS, FedEx uses a network of small businesses that contract out its delivery routes and make package deliveries. A FedEx spokesperson told Insider that alerting delivery contractors of potential disruptions is normal practice. A Teamsters spokesperson dismissed FedEx's memo as "scare tactics to capitalize on a possible work stoppage at UPS." Who gains from a UPS strike?

Persons: Glenn Gooding, who's Organizations: UPS, Teamsters, FedEx, International Brotherhood, iDrive Logistics, —, United States Postal Service

☆ 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

☆ A California woman is accused of shipping over 9 million parcels using counterfeit postage, costing the USPS $60 million in lost revenue
▼ + stars: | 2023-06-02 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Lijuan Chen was arrested on May 24 after the USPS investigated an alleged counterfeit postage scheme. Postal inspectors estimate Chen and her employees shipped over nine million parcels in six months. Chen ran a business shipping parcels for e-commerce sites, including a number in China, the documents say. She faces one count of conspiracy to defraud the United States, and one count of use or possession of counterfeit postage, per the documents. According to an inspector's affidavit, the USPS would have lost $60 million in revenue due to the apparent scheme.

Persons: Lijuan Chen, Chen, —, Angela, they'd, Chen's Organizations: USPS, Service, United States Postal Service, Prosecutors Locations: China, California, United States

☆ 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.

☆ U.S. Postal Service seeks to hike stamp prices by 5.4%
▼ + stars: | 2023-04-10 | by ( ) www.reuters.com time to read: 1 min

WASHINGTON, April 10 (Reuters) - The United States Postal Service (USPS) on Monday said it was seeking approval to hike the price of first-class mail stamps to 66 cents from 63 cents. USPS won approval to hike stamp prices to 63 cents from 60 cents in January. The new hike would take effect July 9 if approved by the Postal Regulatory Commission to offset the rise in inflation. Postal Service. USPS is seeking approval to raise overall first-class mail prices by 5.4%.

☆ New data shows who's winning and losing as companies like UPS, FedEx, and Amazon battle for fewer e-commerce packages
▼ + stars: | 2023-03-27 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +5 min

New data from Pitney Bowes shows Amazon was the only major carrier that didn't see a drop in 2022. In 2022, delivery companies shipped 21.2 billion packages — 2.2% less than in 2021 but more than 37% higher than 2019. When retailers have less package volume to spread around, the big guys get persuasive with their discounts, Ramachandran said. But in terms of package volume, it was the only major carrier to hold its 2021 package volume in 2022. Like UPS and FedEx, Amazon may also strategically choose not to grow package volume, but not by turning down customers.

☆ FedEx warns it won't bail out UPS customers at the last minute if drivers strike
▼ + stars: | 2023-03-18 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

The Teamsters Union has threatened a UPS strike when its contract expires in July. UPS CEO Carol Tomé has repeatedly said that a "win-win-win" is "very achievable" for the Teamsters, UPS employees at large, and the company, despite the union's spicy rhetoric. But even the threat of a UPS strike this summer, which would be the first since 1997, is already driving some UPS customers to look for alternative shipping options. Carere also suggested that FedEx is not interested in serving as a temporary solution for UPS customers. FedEx customers were alerted to the March 31 in a letter distributed earlier this month.

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