USPS – The News Desk

Shipping companies announce crucial deadlines for holiday shipping: “Time is running out”

15Dec

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Shipping companies announce crucial deadlines for holiday shipping: “Time is running out”

As the countdown to Christmas narrows to just 10 days, the United States Postal Service is issuing a last call to holiday gift senders. The cutoff date for USPS first-class mail is set for Saturday — marking a crucial deadline to ensure gifts arrive in time for the festive season.This December is especially busy for shipping companies. Around 82 million parcels are expected to be sent each day during this peak season. In Nashville, boxes are piling up at a facility called UPS Worldport, a key hub in the holiday shopping process where millions of packages will pass through during the holiday season. The 5.4 million square foot facility can sort about 416,000 packages per hour. The scene at the facility reflects the holiday rush. Customer Melinda Wayland ...

USPS leaders forecast it would break even this year. It just lost $6.5 billion.

15Nov

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USPS leaders forecast it would break even this year. It just lost $6.5 billion.

The U.S. Postal Service is in the midst of a 10-year plan aimed at erasing losses and eventually turning a profit. But in its last fiscal year the agency reported a loss of $6.5 billion, a major step backward after USPS leaders has predicted it would break even.The 10-year plan is the brainchild of Postmaster General Louis DeJoy, who has argued that the overhaul was essential to stop the financial bleeding and put the USPS on the road to profitability. Under his plan, which he introduced in 2021, the agency had been projected to reach a break-even point in fiscal year 2023 and begin turning a profit in 2024. The agency's turnaround plan centers on slower delivery standards and postage hikes, changes geared to cutting costs and raising revenue but that proved unpopular with some businesses...

USPS proposes 5th postage hike since 2021 — a move critics call “unprecedented”

10Oct

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USPS proposes 5th postage hike since 2021 — a move critics call “unprecedented”

The U.S. Postal Service wants to boost the cost of postage in January, which would mark the fifth rate increase since 2021 and come on the heels of a July postage hike. Some critics are decrying the plan, saying that the rapid price increases are "unprecedented" and causing customers to stop using the mail. The USPS on Friday said it filed notice with the Postal Regulatory Commission to hike rates beginning on Jan. 21, 2024. The new prices would raise the cost of a first-class Forever stamp from its current 66 cents to 68 cents, while other mailing costs would also rise. If approved, the rate hike would represent the fifth increase since August 2021, when a Forever stamp increased to 58 cents. In announcing the latest proposed hike, the postal service said that higher rates are needed to ...

What’s closed and what’s open on Juneteenth 2023

20Jun

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Money

What’s closed and what’s open on Juneteenth 2023

Monday, June 19, marks the third time Juneteenth is observed nationwide as a federal holiday. A commemoration of the end of slavery in the United States, Juneteenth is also called Freedom Day or Emancipation Day, and its roots date back more than 150 years. The origins of Juneteenth stem from an important date after the Civil War — June 19, 1865 — when the Union General Maj. Gen. Gordon Granger arrived in Galveston, Texas, to inform the country's last enslaved people that they had been freed under the Emancipation Proclamation. Even though the proclamation had passed years before, that day in 1865 is remembered as the effective conclusion to centuries of slavery in America.As the Black Lives Matter movement gained renewed momentum in 2020, so did public interest in the significanc...