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Trump's Battle Over US Postal Service Funding: What You Need To Know
Thursday, August 13, 2020 - 1:30pm | 604Read More...President Donald Trump said he plans to block additional funding for the United States Postal Service in an attempt to prevent mail-in voting in November. What Happened? On Thursday morning, Trump told Fox Business he plans to veto any emergency coronavirus relief bill that includes additional...
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Daily Infographic: Postal Service Overhaul
Wednesday, August 12, 2020 - 4:54pm | 82Read More...To read the full article, click here.
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USPS Online Tracking Restored After Outage
Monday, August 10, 2020 - 4:19pm | 356Read More...The U.S. Postal Service (USPS) has restored access to its online tracking system after an outage on Sunday left customers unable to check the status of deliveries on the agency's website. "All issues have been resolved," USPS spokesperson Roy Betts told FreightWaves in an email on Monday. Betts...
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'A Long Way To Go': Stock Market Update For The Week Ahead
Sunday, August 9, 2020 - 5:39pm | 3073Read More...The Past Week, In A Nutshell What Happened: Stocks closed the week higher after investors regained optimism regarding a sustained recovery. Remember This: “Earnings season has been very impressive so far, now you can couple that with the employment backdrop quickly improving as well. Not a...
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US Postal Service Volumes Grow 50% In Face Of Steep Loss
Friday, August 7, 2020 - 4:05pm | 589Read More...The U.S. Postal Service reported a nearly 50% increase in shipping and package volume in the latest quarter as a result of a surge in e-commerce due to COVID-19, one of the only bright spots in another quarter marked by steep losses, the agency announced on August 7. Shipping and package revenue...
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Postal Service reaches Agreement On $10 Billion Treasury Loan
Wednesday, July 29, 2020 - 4:37pm | 771Read More...The U.S. Postal Service (USPS) has reached an "agreement in principle" with the U.S. Treasury Department on a long-awaited $10 billion loan that the agency needs to survive a steep drop in mail volume and staggering financial losses. But the loan comes with a caveat: USPS must provide Treasury...
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Commentary: Degrees Of Freedom In The Skies
Tuesday, June 23, 2020 - 10:53am | 1239Read More...The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. The airport landing slots used by commercial airlines for their domestic routes are quite valuable. The same can be said for landing slots used on international...
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Transplace Acquires Parcel Managed Transportation Platform ScanData
Tuesday, June 2, 2020 - 12:48pm | 594Read More...This morning Transplace announced the acquisition of ScanData, a parcel managed transportation platform that optimizes 400 million parcel shipments worth more than $2 billion annually. Transplace manages $9 billion of freight in its network of shippers and carriers, offering technology solutions...
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Will USPS Survive Despite Tanking Direct Mail Revenue?
Tuesday, May 26, 2020 - 12:40pm | 697Read More...All has not been well with the U.S. Postal Service (USPS) since the COVID-19 outbreak. Since March, it has curtailed international services in over 100 markets across the world. While this contributed to a slide in revenue, the USPS faces a real crisis within its bulk mail and advertising segment...
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Today's Pickup: DHL, REEF Technology Launch Eco-Friendly Cargo Bike Pilot
Friday, May 15, 2020 - 11:40am | 587Read More...Good day, DHL Express is partnering with parking and logistics magnate REEF Technology to pilot the use of four new low-power electric-assist e-Cargo Cycles for deliveries across Miami. The three-wheeled cycles are equipped with accompanying cargo containers and are capable of pulling up to...
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USPS on horns of dilemma as it weighs parcel rate hikes
Friday, May 15, 2020 - 11:18am | 914Read More...On Thursday afternoon, The Washington Postreported that the quasi-governmental agency has begun a review of its final-mile parcel delivery business with an eye toward implementing a significant rate increase. USPS has been raising its last-mile delivery rates for several years, and any dramatic...
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USPS Gets $10B Line Of Credit In Senate's Coronavirus Relief Package
Friday, March 27, 2020 - 9:28am | 1125Read More...The U.S. Postal Service (USPS) will receive a $10 billion line of credit under the U.S. Senate's $2.1 trillion coronavirus economic relief legislation passed late on the evening of March 25, disappointing those who hoped USPS would receive as much as $25 billion in direct aid and the forgiveness of...
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Postmaster General Delays Retirement As USPS Seeks Successor
Tuesday, January 7, 2020 - 10:07am | 277Read More...Postmaster General Megan J. Brennan has delayed her planned Jan. 31 retirement as the U.S. Postal Service's (USPS) Board of Governors continues to search for a successor, USPS said late Monday. Brennan, who has held the top USPS job since early 2015, announced her retirement last October. It is...
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USPS Launches Operation Santa To Help Kids, Families In Need
Friday, November 29, 2019 - 10:28am | 689Read More...The response to the U.S. Postal Service's launch of its online Operation Santa program on Nov. 18 to help children and families in need this holiday season has been overwhelming. In fact, so many people have stepped up to play Secret Santa, the website nearly ran out of letters from those in need...
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USPS' Fiscal 2019 Package Volumes Hits Flat Notes
Thursday, November 14, 2019 - 1:06pm | 449Read More...The U.S. Postal Service (USPS) reported Thursday morning a low single-digit increase in operating revenue for its 2019 fiscal year as year-over-year shipping and package volumes stagnated at levels not seen in years. USPS posted operating revenue of $71.1 billion, a $514 million increase from...
