Mail delivery

Pony Express delivers tales of adventure but also failure

The Pony Express, formally known as Central Overland California & Pike’s Peak Express Co., may have been short-lived and was not a financial success. However, the service became famous in the history of the United States mail system.

Some experts say it’s surprising that we remember the business, given its quick and unsuccessful run.

The service was a mail delivery operation meant to close the gap between East and West. At the time, it took weeks or months to receive mail sent from across the...

https://www.freightwaves.com/news/pony-express-delivers-tales-of-adventure-but-also-failure

Delta Air Lines paying $10.5M for alleged cheating of Postal Service

A blue, red and white Delta Air Lines plane in the sky, view from below.

Delta Air Lines has agreed to pay $10.5 million to resolve an investigation into allegations it defrauded the U.S. Postal Service for transport of international mail, the Department of Justice announced Thursday.

Delta is the sixth airline to settle charges of falsely reporting information about delivery performance in order to ensure full payment under transport contracts with the postal operator.

The Postal Service hired Delta (NYSE: DAL) to pick up mail at six U.S. locations and various...

https://www.freightwaves.com/news/delta-air-lines-paying-105m-for-alleged-cheating-of-postal-service

Surprise! 20% of Postal Service’s first vehicle order is electric

USPS places initial order for electric vehicles

The U.S. Postal Service has placed its first official order for its next-generation delivery vehicle (NGDV) with Oshkosh Defense, it announced Thursday. That order, for 50,000 vehicles, includes 10,019 battery-electric vehicles, up from an original estimate of 5,000 vehicles.

“We are pleased to be moving forward with this much needed investment in our fleet,” Postmaster General and CEO Louis DeJoy said in a statement. “Since I came on board a year and a half ago, we have continuously evaluated...

https://www.freightwaves.com/news/surprise-20-of-postal-services-first-vehicle-order-is-electric

U.S. Postal Service loses $4.5 billion in latest quarter

U.S. Postal Service (USPS) losses continued to mount with a $4.5 billion loss reported on May 8 for the latest quarter amid warnings from the federal agency that government intervention is needed to avoid a potential service shutdown.

The loss in the agency’s fiscal second quarter (ending March 31) is more than double the $2.1 billion loss in the same period last year.

“We are unable to predict the duration of COVID-19 business closures and the duration of the recession we are currently...

https://www.freightwaves.com/news/u-s-postal-service-loses-4-5-billion-in-latest-quarter

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