Search results
Results From The WOW.Com Content Network
As a comparison, USPS’s private sector counterpart, UPS, had 500,000 employees, a revenue of $90.7 billion, and a market cap of $105.6 billion. It had 2024 earnings of $7.4 billion, down from ...
The Postal Clause was added to the Constitution to facilitate interstate communication as well as to create a source of revenue for the early United States. [2] [3] There were some early disagreements as to the boundaries of the Postal Power.
Schneier said, "Basically, [the USPS is] doing the same thing as the [NSA] programs, collecting the information on the outside of your mail, the metadata, if you will, of names, addresses, return addresses and postmark locations, which gives the government a pretty good map of your contacts, even if they aren't reading the contents." [1]
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.
With a 630,000-person work force, 91% of whom are covered by union contracts, the USPS is the nation’s largest unionized employers. Whether those laws would remain in place in a privatized ...
For premium support please call: 800-290-4726 more ways to reach us
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]
USPS had a contract with FedEx for domestic air transportation services, but it expired on Sept. 29, 2024. The government agency later chose UPS for its new air cargo contract.