One of Amazon's biggest advantages over local stores and mega-chains like Walmart is its lack of sales tax in most states.
The Postal Service is facing such a cash crunch that it has a $12.1 billion loan outstanding from Treasury.
The chief of the struggling U.S. Postal Service received $384,229 in compensation last year -- and at least one lawmaker thinks he should take a paycut.
Remember those carefree days when a gallon of gas was only $5? And when you could cheerfully mail a letter for the rock-bottom price of 50 cents?
The U.S. Postal Service announced on Thursday new plans to consolidate or close 223 mail processing plants, putting 35,000 jobs at stake starting in late May or June.
A nickel boost in the first-class stamp price to 50 cents is part of the U.S. Postal Service's latest plan to stop bleeding red ink.
The U.S. Postal Service renewed its pleas for congressional support Thursday as the floundering agency reported another massive quarterly loss.
Despite its financial difficulties and relatively heavy work load, the U.S. Postal Service has been declared the finest in the world by a British study.
The U.S. Postal Service on Monday announced a $2.1 billion cost savings proposal that would result in the end of next-day service for regular mail and the loss of about 28,000 postal worker jobs.
The U.S. Postal Service on Monday will announce a cost-savings proposal that would no longer deliver first-class mail on the next day.
Good news: the United Parcel Service is reducing the price of its fuel surcharge. Bad news: you'll be paying more to send you packages next year anyway.
The U.S. Postal Service released its annual financial results on Tuesday, and they're nothing to write home about.
A Senate panel passed a bipartisan deal to save the U.S. Postal Service.
A small bipartisan group of lawmakers announced a proposal to save the U.S. Postal Service that would make it possible to cut Saturday service in two years, close post offices and buy out 100,000 workers.
Snail mail is about to get a little more expensive.
Although some people believe Elvis Presley is still alive, and he's been on a stamp, the U.S. Postal Service is opening up the opportunity to honor people on a stamp who are unquestionably still around.
Hundreds of mail-handling facilities have been named in a shutdown list released Thursday by the U.S. Postal Service as the agency tries to fight massive red ink.
Hundreds of mail-handling facilities have been named in a shutdown list released Thursday by the U.S. Postal Service as the agency tries to cut massive red ink.
The post office in the tiny Washington town of Malone sells beer and cigarettes. Live worms for fishing, too. The boxes for fixed-rate shipping are wedged between racks of beef jerky and $6.99 sunglasses.
What would we lose if we lost 220,000 postal jobs (120,000 proposed through layoffs, 100,000 through attrition), 3,700 post offices, 300 mail processing plants, or even the post office itself?
updated: Thu Sep 08 2011 17:27:00
The Postal Service cuts costs by moving into a mini mart. CNN's Patrick Oppmann visits the first "Village" Post Office.
The United States Postal Service shutting down because it is so low on money?
Should the Postal Service get its way on laying off thousands of workers, the cuts would weigh heavily on two segments of the population hard hit in recent years: minorities and veterans.
Meet Pete Huh, a 39-year-old high-tech entrepreneur who couldn't care less if the U.S. Postal Service closes its doors tomorrow.
Meet Pete Huh, a 39-year-old high-tech entrepreneur who couldn't care less if the U.S. Postal Service closes its doors tomorrow.
The U.S. Postal Service does not have the money to meet an obligation to a retiree health care trust fund coming due at the end of the month, but if there's a default, officials promise no interruption in the mail, the payroll, or payments to suppliers.
With 120,000 post office workers facing layoffs and thousands more facing benefits changes, lawmakers will soon be required to make some tough choices -- meaning that those choices are likely to be postponed until the last minute.
Hundreds of thousands of postal workers could soon lose their jobs, or face drastic changes to their benefits. According to documents obtained by CNNMoney, the United States Postal Service is appealing to Congress to remove collective bargaining restrictions in order to lay off 120,000 workers. It also wants congressional approval to replace existing government health care and retirement plans.
Your little post office could be slated to close as the U.S. Postal Service tries to find ways to cut red ink.
The U.S. Postal Service on Tuesday will release a list of 3,653 post offices that could be shut down.
For the first time, the U.S. Postal Service will ignore a federal requirement and stop making prepayments to its retirement fund in a bid to ward off insolvency.
The U.S. Postal Service continues to hemorrhage money, with a loss of $2.2 billion in the most recent quarter.
Some mailing costs will go up on Sunday, according to the Postal Service.
When the U.S. Postal Service printed 3 billion stamps last year, it thought the image was of the Statue of Liberty, the iconic symbol of freedom keeping watch over huddled masses yearning to breathe free.
Despite significant cost-cutting, the U.S. Postal Service has "an inflexible business model" that will make it unable to pay huge bills without legislative fixes, the postmaster general testified Wednesday.
The U.S. Postal Service warned Wednesday that it may default on some of its financial obligations later this year after reporting yet another quarterly loss.
The money-losing U.S. Postal Service is planning to shut down thousands of stations and branches to try and ward off its fiscal woes.
Good news for snail-mailers: No need to keep digging for one- and two-cent stamps because all new first-class stamps will be "Forever Stamps" beginning next month.
Christmas is 12 days away, but already drivers are dashing through the snow to deliver holiday gifts.
The U.S. Postal Service more than doubled its losses in fiscal year 2010, despite cutting billions of dollars in expenses and trimming its staff.
Christmas is not coming early this year for the U.S. Postal Service, after regulators denied a request Thursday that would have raised the price of a first-class stamp by 2 cents, to 46 cents.
The U.S. Postal Service reported a $3.5 billion loss in its most recent quarter Thursday, as mail volume plummets and retiree health care costs mount.
Want to send granny a card? It might cost you a bit more next year.
The U.S. Postal Service is laboring under an outdated business model and needs to cut salaries, close facilities and take other steps to to aggressively slash costs, the Government Accountability Office said Monday.
Neither snow nor rain nor heat nor gloom of night may stay the nation's letter carriers from the swift completion of their appointed rounds, but e-mail and the recession may stop their Saturday deliveries.
Saturday mail could be one step closer to cancellation when the United States Postal Service submits an official proposal to a government regulatory board on Tuesday to eliminate six-day delivery.
Not to put a damper on your weekend, but could this be the beginning of the end?
The U.S. Postal Service said on Tuesday that it would reduce its workforce by another 30,000 positions and slash overtime this year in an effort to reduce costs.
Snail mail might soon get even slower.
As economists and investors reel from a surprisingly weak jobs number, there are 3,300 people that may actually be cheering December's report.
The U.S. Postal Service spent more than $792,000 "without justification" on meals and events in one five-month period even as it reported losing $3.8 billion this year, the agency's inspector general says in a report.
The U.S. Postal Service reported a $3.8 billion loss in the 2009 fiscal year, and plans to propose to Congress in 2010 that it drop Saturday delivery.
The Postal Service is making a total of $450 million in buyouts available to as many as 30,000 employees who agree to resign or retire this year.
You seemed a little bit interested in last Sunday's column: the one about the prospect of Saturday mail delivery being eliminated by the U.S. Postal Service.
You know it at as junk mail, though the industry prefers to call it direct mail. But whatever the name, you're getting a lot less of it.
On this sultry weekend in the middle of August, take a look at what's on your kitchen counter.
The U.S. Postal Service has just entered "The Twilight Zone."
The U.S. Postal Service reported a $2.4 billion loss in its most recent quarter Wednesday, blaming plunging mail volume and rising retiree health care costs.
The U.S. Postal Service is losing money so quickly you'd think it somehow got mixed up in the subprime mortgage business. It's on track this year for an operating loss of between $6 billion and $12 billion, debt surpassing $10 billion, and a $1 billion cash shortfall. For any business, those are some ugly numbers.
The U.S. Postal Service is considering ways to save money on mail delivery as Americans send less mail and the service loses more money.
The U.S. Postal Service will reduce the amount it pays for homes of employees who are relocating in the wake of a CNN investigation that found it was buying large homes for more than $1 million.
updated: Fri May 22 2009 19:56:00
Why would the U.S. Postal Service buy the $1.2 million home of an employee? CNN's Abbie Boudreau reports.
If the mail must go through, then it's going to cost a little more. On Monday, the United States Postal Service hiked up the price of stamps, as well as other delivery services.
Sending a letter will soon be a little more expensive, the U.S. Postal Service announced Tuesday.
The U.S. Postal Service may be forced to eliminate a day of mail service because the economic downturn has led to plummeting volume and revenue, the postmaster general said Wednesday.
The last Monday a week before Christmas has traditionally been the busiest day of the year for the U.S. Postal Service and people mailing holiday packages, but officials say the pace is down this year because of the economy.
The deadline for getting your packages mailed out is fast approaching. Here's your survival guide to holiday shipping so you can get that last-minute present to your in-laws.
It's 9:45 A.M., and at 93 degrees and 1,000% humidity, Saddle Brook, N.J., feels more like the Serengeti than suburbia. I'm in a doorless truck, wearing high-waisted shorts, facing a day full of handcarts and heavy boxes. When I arose at 5:45 this morning - an hour I haven't seen the daytime side of since ... ever - the day had something of the adventurous about it. Like more of my Generation Y peers than one might expect, I'd never worn a uniform, or even properly nine-to-fived it for that matter, and here at last was my chance.
Deutsche Post (No. 57), with its iconic yellow DHL trucks, sped past the U.S. Postal Service (No. 64) to lead the mail, package, and freight delivery category. Meanwhile, HP (No. 41) edged out IBM (No. 42) in computers by a slim $234 million margin, and Verizon (No. 39), Gazprom (No. 52), and Caterpillar (No. 151) became new leaders in their industries.
The Postal Service has issued stamps you can buy today (41¢ for first class) and use forever, even if postage increases. But don't start hoarding stamps to beat inflation. The best ways to beat rate hikes remain sending e-mail and paying bills online.
Startup: RedRoller
Americans may want to start bracing for another postage increase.
Santa isn't the only one working feverishly - package and mail carriers are due to have their busiest days of the year this week.
Santa isn't the only one busy around this season - mail carriers are putting in extra effort with two weeks left for holiday shopping.
The rush of holiday shopping can be stressful enough. Add in sending gifts to loved ones far away and the stress may become too much to handle.
The U.S. Postal Service has delivered 15,000 Social Security checks to people otherwise unable to receive mail in regions devastated by Hurricane Katrina.
NEW YORK (CNN/Money) - To every miffed reader who has written in complaining about the recommendations in CNN/Money's Holiday Tipping Guide, let me just say I couldn't agree with you more.
The U.S. Postal Service said Wednesday it will not raise its postage rates -- at least not until 2006.
Pat Cochran had been running a business for nearly three years, providing economical same-day courier service, when she received a letter several months ago from the U.S. Postal Service informing h...
If you're one of the millions of Americans who wait until the last minute to file your taxes, you may encounter some obstacles at the post office today.
It's late morning in San Francisco's South of Market district, and Ramon Umali quickly steers his green-and-violet Federal Express truck into a U-turn. One of his biggest customers--online adult-to...
CORANTE.COM Attention! There is some venture capital fueling tech these days, and e-commerce is alive and well, but you might not know it if you haven't been poring over the dailies. Check out the ...
You open the front door in your bathrobe and your jaw drops. There on the front porch is that Hewlett-Packard printer you ordered on the Internet last night. Standing right next to it is one of tho...
Yaffah daCosta, a 30-year computer systems and project-management veteran, hung out her shingle as a Y2K consultant in Texas a year ago, only to find customers staying away in droves. "There's no b...
Years ago, to support my computer habit I started hawking software by mail. When people actually began ordering, I naively bought sheets of stamps in various denominations, but they never quite mat...
Last weekend I moved into Digital Manor. I also tried to use the Web to tell various companies that I've changed my address. I learned this: The Web has done little for customer service.
LAST CHRISTMAS, MY FRIEND SUZANNE in New Orleans sent a gift package to me in New York City by priority mail. The U.S. Postal Service advertises the two-year-old priority mail program as a "two-day...
BIGGEST INCREASES IN REVENUES
Sending mail overseas? You have an alternative to the U.S. Postal Service--and to expensive overnight delivery outfits. Foreign post offices have set up shop in the U.S. to deliver mail abroad, oft...
1492 AND ALL THAT
Since Federal Express pioneered fast-track deliveries 20 years ago, express mail services have snowballed into a blizzard of special fees, charges and choices. In order to narrow the field, we comp...
A decision to require tuberculosis tests for U.S. Postal Service job applicants in the Washington area has raised . . . concerns about how to curb the growing number of local TB cases without stepp...
You may want to cut back on mail-order purchases in '91. Many catalogue companies, stung by recent sharp rate hikes by the U.S. Postal Service and United Parcel Service, are charging about 10% to 3...
The 52 cents stamp shown above, due out June 3, is already famous. That's because the U.S. Postal Service goofed. Notes on the border of 100-stamp sheets say Humphrey was Vice President from 1964 t...
There they go again. Those unscrupulous purveyors of 900-SCAM-OLA phone lines (see Money Update, August 1990) have come up with a new way to suck you in: deceptive sweepstakes offers promising ever...
Who says nobody writes letters anymore? Certainly not Fidelity. Last year it sent out 53 million pieces of mail, from redemption checks to prospectuses. It received 15 million from customers -- eno...
The U.S. Postal Service, now in the process of demanding still more rate increases to match its recent service decreases, is the largest mismanaged enterprise in America. We were thinking of puttin...
THE U.S. Postal Service does business with every American company and just about every American. But few outfits catch as much flak. Anthony M. Frank, 58, the fifth person to head the mail operatio...
At last, an extremist is going to deal with the U.S. Postal Service. To be sure, the bomb thrower in question is only a consulting firm. But the firm being retained to study the Postalites is newly...
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