The U.S. Postal Service projects that it will need to dramatically increase spending to meet needed updates like replacing the outdated delivery vehicle fleet.
The U.S. Postal Service reported another quarterly loss on Friday after an unrelenting drop in mail volume and costs of its health care and pension obligations outweighed strong gains in package deliveries.
In the surprise move, President Donald Trump said that USPS is on “an unsustainable financial path” and “must be restructured to prevent a taxpayer-funded bailout.”
A bipartisan group of U.S. senators last week introduced legislation that would require U.S. Post Service annuitants to enroll in Medicare alongside their standard health benefits program.
Without help, “our financial results will continue to deteriorate and likely at an accelerated rate,” said Postmaster General Megan J. Brennan. “We cannot generate enough revenue or cut enough costs to pay all of our bills.”
The U.S. Postal Service wants to boost its business this holiday season by offering what few e-commerce retailers can provide: cheap next-day service with packages delivered Sundays to your home.
The U.S. agency that oversees the nation’s nuclear weapons cache issued a RFP for everything from worker safety to cybersecurity and transparency for Los Alamos National Laboratory.