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The Postal Service Reform Act of 2022 is a federal statute intended to address "the finances and operations of the U.S. Postal Service (USPS)", [1] specifically to lift budget requirements imposed on the Service by the Postal Accountability and Enhancement Act [2] and require it to continue six-day-a-week delivery of mail.
Between 2007 and 2016, the USPS lost $62.4 billion; the inspector general of the USPS estimated that $54.8 billion of that (87%) was due to prefunding retiree benefits. [13] By the end of 2019, the USPS had $160.9 billion in debt, due to growth of the Internet, the Great Recession, and prepaying for employee benefits as stipulated in PAEA. [14]
During the May 2022 National Post Forum, the USPS confirmed that it will increase the number of BEV NGDVs in the initial order. [74] This means that at least 10,019 NGDV vehicles will be manufactured as BEVs. [75] [76] In July 2022, USPS revised the initial order to now have at least 50% of the NGDV vehicles to be manufactured as BEVs. [77]
USPS announced its recommended mailing and shipping dates for holiday mail and packages in a news release shared on Tuesday, Oct. 8. In it, the company recommended send-by dates for expected ...
The 2020 United States Postal Service crisis was a series of events that caused backlogs and delays in the delivery of mail by the United States Postal Service (USPS). The crisis stems primarily from changes implemented by Postmaster General Louis DeJoy shortly after taking office in June 2020.
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Locatable Address Conversion System (LACS) is a service offered by the United States Postal Service to update mailing addresses when a street is renamed or the address is updated for 911. In the case of 911, the address is changed from a rural route format to an urban/city route format.
The Education Department announced an update to the SAI tables that will allow students to benefit from an additional $1.8 billion in aid. (Credit: Getty Images) (Richard Stephen via Getty Images)