U.S. Postal Service

"We're not going to stand by as bad actors are profiting off the sale of illegal products that are addicting our nation's youth," declared Brian King, director of the FDA's Tobacco Center, signaling a new era of regulatory action against the vaping industry....

What started as a traffic stop for weed led authorities in Georgia to uncover a check-cashing and mail fraud scheme.  What Happened: The Elite Blackhawk Squad - yes, Clayton County has a traffic team with this name and one of their specialties is tracking down weed on...

For the past three months or so, the U.S. Postal Service has been taken to the woodshed over too many late or missed deliveries of mail and parcels. With delivery reliability such a paramount issue, it might seem fanciful to float an idea for the Postal Service to pick up service-sensitive fresh...

Workhorse Group Inc. (NASDAQ: WKHS) continued to lose investors Wednesday, a day after it was left out of a multibillion-dollar U.S. Postal Service contract to make next-generation mail delivery vehicles. The Postal Service awarded a 10-year contract to defense contractor and off-highway equipment...

The combined COVID-19 stimulus and government funding bill passed by Congress Monday night effectively forgives a $10 billion loan made to the United States Postal Service under the CARES Act signed into law in late March, according to a person familiar with the matter. Lawmakers agreed to...

Shares of Workhorse Group (NASDAQ: WKHS) are down in after-hours trading Tuesday on news of a delay for the long-awaited U.S. Postal Service contract. What Happened: The USPS is delaying its contract decision on the USPS replacement vehicles, according to Trucks.com. The USPS told Trucks...

The U.S. Postal Service (USPS) reported Friday strong fiscal year 2020 increases in shipping and package volumes but said any lasting gains in the segment are unlikely to ever offset the top-line damage the COVID-19 pandemic has wreaked on demand for its first-class and marketing mail products. In...

The U.S. Postal Service (USPS) has reached an agreement with transport consultancy ShipMatrix Inc. to provide high-volume parcel shippers with badly needed delivery capacity heading into a space-constrained peak holiday shipping cycle, ShipMatrix said Monday. Under the initiative, which kicks off...

A capacity crunch during the peak holiday shipping season will result in delays affecting as many as 700 million global parcel deliveries, according to a forecast from IT giant Salesforce.com, Inc. (NYSE: CRM). In its forecast, which was published late last week, San Francisco-based Salesforce...

Amazon.com, Inc. (NASDAQ: AMZN) stock has been under heavy selling pressure after President Donald Trump repeatedly bashed the company for what he said is favorable tax treatment and USPS subsidies. Despite investor concerns about new regulations, Wall Street analysts said Trump’s tweets are...

An Axios report emerged Wednesday of Trump’s “obsession” with Amazon.com, Inc. (NASDAQ: AMZN) , and on Thursday, the president reiterated his long-held “concerns.” I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no...

The Postal Reform Act of 2017, a bipartisan attempt to overhaul the perennially ailing U.S. Postal Service, appears headed for the dead letter office amid the chaos in Congress. Even though the U.S. House Oversight and Government Reform Committee approved the sweeping legislation on March 16,...

The U.S. Postal Service (USPS) is trying to expand its share of the small-package delivery market by taking its test of same-day delivery services to New York City. Bloomberg reported that the service has been testing such a service in San Francisco for about a year. Amazon.com (NASDAQ: AMZN) CEO...

In a strange announcement that took place Sunday, Amazon (NASDAQ: AMZN) announced that the United States Postal Service has agreed to make Sunday deliveries of some of its packages in select cities. The postal service argues that in order to stop the $16 billion annual cash burn, ending...