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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]
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.
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.
Delays in paychecks and other mail deliveries by the Postal Service, or USPS, gained attention last year as a record number of voters mailed in ballots to elect a new president.New Postal Board ...
The USPS said it lost $9.5 billion in the fiscal year ended September 30, compared with a loss of $6.5 billion a year earlier. The postal service blamed the wider loss on billions spent on noncash ...
Domestic air mail became obsolete in 1975, and international air mail in 1995, when the USPS began transporting First-Class mail by air on a routine basis. Mail truck loaded with gold leaving the New York City Assay Office in 1941. The Post Office was the first federal government departments to regulate obscene materials on a national basis.
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.
The Bicentennial Series began with the issuance of a stamp showing the logo for the Bicentennial celebrations in 1971 and concluded in 1983. In January 1973, the USPS began to issue "Love" stamps for use on Valentine's Day and other special occasions such as weddings, birthdays, anniversaries and letters to loved ones. [55]