The e-commerce giant wants to reduce its postal volume by at least two-thirds by this fall.
Postmaster general warned that the agency could run out of cash by early 2027 without significant reform or increased borrowing authority ...
Amazon said it was working toward a new agreement with USPS to increase volumes before talks fell apart.
As the USPS warns it could run out of cash by 2027, the agency says it could soon raise the price to send a first-class letter to almost $1.
The U.S. Postal Service's leader says it is set to run out of money in less than a year and may have to stop deliveries because of declining mail volume and what USPS sees as burdensome requirements.
4don MSN
US Postal Service will run out of cash within a year without Congress’ help, postmaster warns
The head of the US Postal Service has warned lawmakers that the storied 250-year-old agency is at a “critical juncture” and will run out of cash in less than a year unless Congress allows it to borrow ...
The warning highlights long-standing financial issues facing the USPS, which operates differently from most federal agencies.
USPS faces serious financial crisis and could run out of cash within a year without reforms, as Postmaster General asks Congress for financial help and policy changes.
The Root on MSN
Why Postal Leaders Warn They Could Run Out of Money
Millions of Americans depend on USPS to receive medicines, cast mail in ballots and even pay bills. Now, that's all at risk.
As the US Postal Service moves forward with an auction for parcel companies to bid on its last-mile delivery capacity, Amazon ...
The U.S. Postal Service will run out of cash within a year unless Congress lifts a decades-old cap and allows the agency to borrow more money, the new postmaster general warned in an interview. If it ...
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