United States Postal Service

FedEx Corp. (NYSE:FDX) is set to report its fiscal second-quarter results on Thursday after the closing bell and analysts are expecting a decline in earnings.  What To Know: FedEx reported disappointing first-quarter results in September with adjusted earnings nearly 25% below consensus estimates....

Amazon.com Inc. (NASDAQ:AMZN) is clapping back at claims made by Attorney General Brian L. Schwalb as part of a lawsuit with the Superior Court of the District of Columbia. What Happened: Schwalb filed a claim Wednesday against the Seattle-based e-commerce company alleging consumer protection law...

US Postal worker Mjaan Roland and an associate Lemont Darby are facing federal charges following their alleged involvement in transporting marijuana. What Happened Roland, a mailman in Columbia, South Carolina is being accused of assisting in the transportation of cannabis...

The United States Postal Service (USPS) is looking to improve its fleet of vehicles. A contract in 2022 was met with backlash as it focused less on electric vehicles than expected, something it is looking to improve going forward. USPS recently awarded a number of postal truck contracts, some...

Workhorse Group Inc (NASDAQ: WKHS) shares are down 12.8% Tuesday after a major USPS contract decision was reportedly delayed, prompting a stock downgrade from Roth Capital. Despite the difficult day on Wall Street, one large option trader was making a big bet on a Workhorse rebound. The Workhorse...

President Donald Trump said he plans to block additional funding for the United States Postal Service in an attempt to prevent mail-in voting in November. What Happened? On Thursday morning, Trump told Fox Business he plans to veto any emergency coronavirus relief bill that includes additional...

The U.S. Postal Service reported a nearly 50% increase in shipping and package volume in the latest quarter as a result of a surge in e-commerce due to COVID-19, one of the only bright spots in another quarter marked by steep losses, the agency announced on August 7. Shipping and package revenue...

The U.S. Postal Service (USPS) will receive a $10 billion line of credit under the U.S. Senate's $2.1 trillion coronavirus economic relief legislation passed late on the evening of March 25, disappointing those who hoped USPS would receive as much as $25 billion in direct aid and the forgiveness of...

A new report out of Washington on the U.S. Postal Service could be bad news for Amazon.com, Inc. (NASDAQ: AMZN). What Happened A report on the state of the USPS requested by President Trump back in April was released this week by the Treasury Department. The report concludes that the USPS isn't...

What appears to be a routine price increase announced Wednesday by the United States Postal Service does have one change that could have some impact on trucking. If there is an impact, it is likely to be small. But a change in the pricing system for a service called First-Class Package Service...

The United States Postal Service reported a 2017 net loss of $814 million Tuesday representing a $1.4 billion annual decline. Some may read this “bad to worse” trajectory as a negative for parcel peers, but FedEx Corporation (NYSE: FDX) and United Parcel Service, Inc. (NYSE: UPS) could...

While some politicians may have doubted that it would ever happen again, parts of the government are now shutdown. Most Americans won't be affected, but there are reports that the shutdown could cost the U.S. $300 million a day. According to CBS News, there is "no end in sight" for the shutdown...

FedEx (NYSE: FDX) needed this. It’s been a rough 2013 for FedEx longs as they’ve watched the stock fall more than 15 percent after an impressive run to a high of $109 in March. Then, disappointing earnings, news of layoffs and adjusted guidance sent the stock plummeting. Judging by after-...

With a $16 billion dollar loss and, at one point last year, down to just four days of available cash, there’s no doubt that something has to be done at the United States Postal Service.  That forecase came Wednesday, as the USPS announced it would end Saturday mail delivery beginning in August of...

In an effort to reduce costs, it was announced early this morning that the U.S. Postal Service would end Saturday delivery in August of 2013. While the announcement comes as no surprise to the street (the Postal Service has been warning of its possibility for years), it still holds serious...