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The full eagle logo, used in various versions from 1970 to 1993. The United States Postal Service (USPS), also known as the Post Office, U.S. Mail, or simply the Postal Service, is an independent agency of the executive branch of the United States federal government responsible for providing postal service in the United States, its insular areas and associated states.
The United States Postal Service (USPS) is defined by statute as an "independent establishment" of the federal government, which replaced the Cabinet-level Post Office Department in 1971. The Postal Service is responsible for the collection, transportation, and delivery of the mails, and for the operation of thousands of local post offices ...
On January 23, 2006, Japan Post Holdings Co., Ltd. was created as the holding company of separate entities of the government-owned postal system including postal savings and insurance. In 2007, a series of steps were taken for smooth transition of privatization.
John Jay, in a letter to George Washington, opined that the postal service should not be burdened with the responsibility for handling newspaper delivery, and also suggested that the Post Office be placed under the supervision of the executive branch (a suggestion which later led to the creation of the Post Office Department). [4]
That year, the United States Postal Service made a $275 million surplus on international mail. [23] In addition, the UPU system was only available to state-run postal services. Low terminal dues gave the United States Postal Service an advantage over private postal services such as DHL and FedEx. To protect its profits on sending international ...
Nov. 24—PALMER — Confusion over a U.S. Postal Service policy in Palmer is leaving some residents without mail delivery and raising questions about the longstanding use of rented neighborhood ...
Political influence: governments may more easily exert pressure on state-owned firms to help implement government policy. Profit: private companies do not have any goal other than to maximize profits. Privatization and poverty: it is acknowledged by many studies that there are winners and losers with privatization.
The U.S. Postal Service said the proposed changes would go into effect in 2025. One critic calls it a "recipe for a death spiral." USPS says some rural mail delivery could get slower amid cost cuts