U.S. Postal Service results took a turn for the worse in the second quarter, with net loss more than doubling to $3.3 billion from $1.5 billion year over year, primarily due to accounting adjustments for mandated workforce benefits. The negative growth comes on the heels of a rare profit in the first quarter.
The adjusted loss, which excludes nonoperating expenses the agency can’t control, also more than doubled to $848 million from $317 million for the same quarter last year. In the first...
(The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.)
Some may question whether President Donald Trump’s method of hastily smashing apart government agencies will actually bring about proclaimed reforms, but his view on moving the U.S. Postal Service under the executive branch, and privatizing it at some point, has merit.
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https://www.freightwaves.com/news/us-postal-service-belongs-under-executive-branch
The U.S. Postal Service’s governing body on Friday announced it has selected FedEx board member David Steiner to be the nation’s 76th postmaster general and CEO, raising concerns from major unions about potential conflicts of interest and the Trump administration’s influence over the decision.
Steiner will succeed Louis DeJoy, who also came from the logistics sector and left office in March over reported disagreements with the White House about how much control to relinquish to a budget-cutting...
The U.S. Postal Service’s governing board plans to select FedEx board member and former Waste Management CEO David Steiner as the next postmaster general after he was approved by President Donald Trump, according to an exclusive report by The Washington Post.
The newspaper said FedEx, which competes and partners with the Postal Service on package delivery, pushed Steiner before the White House as a candidate for the job. Last year, the mail service replaced FedEx with UPS on a major contract to...
https://www.freightwaves.com/news/trump-supports-fedex-official-for-postal-service-chief-report-says
The wall of a U.S. Postal Service distribution center in Tampa, Florida, collapsed Monday night, bringing down the roof, according to officials and local media reports.
“We can confirm that a partial building collapse occurred at the Ybor City Package Support Annex at approximately 9:20 p.m. on April 28. No employees were injured due to this incident. This facility is not open to the public, so no customers were present. Experts are on site now to evaluate the building and determine the cause,...
https://www.freightwaves.com/news/wall-collapse-closes-postal-service-package-center-in-tampa
When Tom Wakefield started PostalMag.com more than two decades ago, the Dallas-based letter carrier simply wanted to provide a resource for colleagues about their U.S. Postal Service benefits and how to access them. Few websites provided comprehensive information and the ones that did weren’t updated frequently.
Today, PostalMag.com is a trusted platform read by postal workers, businesses and other stakeholders for news and information about every aspect of postal culture – from operations and...
https://www.freightwaves.com/news/postalmag-becomes-part-of-freightwaves-meet-your-new-editor
Chattanooga, TN – April 22, 2025 – FreightWaves, the leading provider of data, analytics, and news for the global logistics industry, completed its acquisition of PostalMag.com, a premier source for U.S. postal and parcel news. This acquisition enhances FreightWaves’ mission to deliver unparalleled insights across all aspects of the transportation and logistics ecosystem.
PostalMag.com is a trusted platform for professionals, businesses, and stakeholders seeking authoritative reporting on the...
UPS has changed the name of its most economical domestic shipping service from SurePost to Ground Saver after ending its partnership with the U.S. Postal Service at the end of 2024.
The company didn’t make an announcement, but customers now see the new name on the website. Ground Saver is primarily used by large businesses to ship packages door-to-door.
With SurePost, UPS (NYSE: UPS) inducted massive parcel volumes deep into the postal network for last-mile delivery to residences. The...
https://www.freightwaves.com/news/ups-rebrands-surepost-as-ground-saver
Six U.S. senators from both parties last week sponsored a resolution opposing any move to sell the U.S. Postal Service, or key parts of it, to private sector investors, something Trump administration officials have said they are contemplating.
Sen. Gary Peters, D-Mich., is leading the effort to preserve the Postal Service’s independence and service obligation to every address in America.
Standing alongside more than 100 rural letter carriers at a Capitol Hill rally earlier in the week, Peters...
Louis DeJoy’s effort to turnaround the U.S. Postal Service’s financial fortunes was made more difficult by a host of entrenched interests, but he threaded the political needle in a way that gained grudging respect from stakeholders who often opposed his reforms.
A day after Louis DeJoy’s abrupt exit as postmaster general, postal union leaders on Tuesday credited him with initiating a long overdue modernization effort rather than enabling ideas now contemplated by the Trump administration to...
https://www.freightwaves.com/news/a-look-at-dejoys-postal-service-legacy-after-quick-departure