Category: Press

Agency Oversight USPS falling behind on financial goals for FY 2023, doubles projected losses Jory Heckman@jheckmanWFED March 2, 2023 10:42 am 6 min read        The Postal Service, as it moves ahead with plans to make long-deferred upgrades to its vehicle fleet and delivery network this year, is falling behind on its financial goals for…

The Postal Service could borrow up to $3 billion in any given year. NurPhoto / Contributor Getty Images Management USPS Opens a New Line of Credit With Treasury The Postal Service has grown its liquidity immensely, but is eligible to borrow up to an additional $5 billion. February 10, 2023 02:19 PM ET The U.S.…

Postmaster General Louis DeJoy is not happy that some groups are once again seeking to block USPS from using its full authority to raise rates above inflation. Graeme Jennings-Pool/Getty Images Management Louis DeJoy Laments the Existence of USPS’ Regulator The postmaster general jokes he would be better off without the regulatory commission, which exists to…

US Stamps New 40¢ stamp good for both mass mailers and collectors Nov 2, 2022, 10 AM This United States 40¢ Red Fox stamp is scheduled to be issued in 2023. Philatelic Foreword by Jay Bigalke Among the many new 2023 United States stamps revealed in late October was a 40¢ Red Fox stamp that…

US Stamps The story behind the upcoming 2023 40¢ Red Fox stamp Oct 28, 2022, 10 AM A 40¢ stamp picturing a red fox is part of the United States Postal Service’s 2023 U.S. stamp program. The stamp is intended for use by bulk mailers on their postage-paid return envelopes. Washington Postal Scene by Bill…

Regulation Postal Service Socking NPOs — Again The NonProfit Times Monday | October 17th, 2022 Nonprofits should get ready for another expensive hit from the United States Postal Service (USPS), the second during the past three months. The Alliance of Nonprofit Mailers filed a Motion for Reconsideration with the Postal Regulatory Commission (PRC), reacting to…

What will a U.S. forever stamp cost after Jan. 22? Sep 21, 2022, 10 AM The United States Postal Service plans to raise rates early next year. Forever stamps have a current postage value of 60¢. By Bill McAllister, Washington Correspondent A United States forever stamp sells for 60¢, but what will it cost after…

Regulation Postal Service To Hike Rates For Holiday Mailings Paul Clolery Monday | August 15th, 2022 It will cost more to send packages this holiday season in what the United States Postal Service (USPS) is calling a “temporary price adjustment.” While the official nonprofit rates will remain the same, package shipping for items from website sales…

  “Initiatives by stakeholders to delay the simplest of our operational changes to integrate our network, improve our service and reduce our cost are relics of our failed strategies of the past,” Postmaster General Louis DeJoy said recently. Kevin Dietsch/Getty Image   Management As Pressure Ramps Up Against USPS Reforms, DeJoy Asks Stakeholders to Fall in…

Supreme Court rejects challenge to higher USPS rates, but regulator review ongoing Jory Heckman@jheckmanWFED June 28, 2022 6:31 pm 6 min read        A challenge to the Postal Service’s authority to set market-dominant mail prices above the rate of inflation won’t get a hearing from the Supreme Court. The Supreme Court on Monday denied a…