The U.S. Postal Service had a $1.1 billion operating profit in the first quarter of Fiscal Year 2015, up from $765 million in the same period last year and $144 million two years ago. (See pg. 17 of the Quarter I, 2015 Report on Form 10-Q.) In addition, USPS’ cash balance grew to $7 billion […]
UPS and FedEx will soon change their pricing mechanism for ground shipments, so the Postal Service is taking out advertisements to remind businesses about its affordable alternatives. In late December and early January, UPS and FedEx plan to expand their use of dimensional weight pricing. This means the companies will charge customers by a package’s […]
Postmaster General : State of the Business Owning the market:PMG reports on package growth Online shopping continues to grow, and so does the Postal Service’s opportunity to dominate the package industry, PMG Pat Donahoe says. In his latest message to employees, Donahoe reports that while single-piece First-Class Mail volumes