Postal Service Loses Far Less Money in Q2 2021 Than in Previous Year
Although it reported a net loss in the second quarter of 2021, the Postal Service’s quarterly financial results improved significantly over last year.
Postal Service
USPS Accused of Monitoring American Social Media Posts Under Controversial ‘iCOP’ Surveillance Project
The US Postal Service is reportedly running a “covert” program to monitor the social media posts of Americans for “inflammatory” content ahead of planned protests.
Postal Service Mail Carrier Removed for On-Duty Drug Transaction
Postal employees removed after buying drugs from a co-worker all challenged their removals, but only some were successful mitigating the penalty. Which strategy fared the best?
Contractor Indicted for Stealing Over $1 Million from the Postal Service
A federal contractor has been indicted for allegedly stealing over $1 million from the Postal Service via a 3+ year scheme.
Postal Service Releases 10 Year Restructuring Plan
The Postal Service has released a proposed 10-year strategic plan that would slow current first-class delivery standards and raise some prices to stem $160 billion in forecasted red ink over the next decade.
Formal Guidance Expected Soon on Emergency Paid Leave Benefit
A Postal Service memo says that OPM will be issuing guidance soon on the new COVID-19 emergency leave benefit for federal employees.
Lawmakers Propose Giving Postal Service $6 Billion For Electric Vehicles
House Democrats have introduced legislation to provide $6 billion to the U.S. Postal Service to buy tens of thousands of additional electric delivery vehicles.
USPS Reports Net Income of $318 Million in Q1
The Postal Service has reported a net quarterly profit for the first time in quite a while, but the good news may not last.
Another Attempt Being Made to End USPS Pre-Funding Mandate
Another effort is being made in Congress to end the pre-funding mandate for USPS retiree health benefits.
COVID-19 Weighs on Postal Service’s FY 2020 Finances
The Postal Service reported a net loss of over $9 billion in FY 2020 amid economic challenges from the COVID-19 pandemic.