Postal

The U.S. Postal Service (USPS) reported that it recorded a 14.1 percent increase in package volume and an 11.1 percent increase in shipping and package revenue for the 2015 fiscal year, but saw a net loss of $5.1 billion. However, this loss looks better than its $5.5 billion loss in 2014. With the increase in…

The El Faro, the cargo ship that went missing during Hurricane Joaquin, may have been found. According to NJ.com, the National Transportation Safety Board (NTSB) said that a U.S. Navy search team found the wreckage at a depth of approximately 15,000 feet, near the ship's last-known…

Working seven days a week during the holiday season in major cities and "high-volume areas," USPS delivered more than its predicted 450 million to 470 million packages.

The U.S. Postal Service needs to compete to survive and that means acting more like a private business, said Megan J. Brennan. To that end, the USPS needs to concentrate on direct mail and package delivery, said the first female postmaster general who will take over after Patrick R. Donahoe retires on Feb. 1. Brennan details a few of her plans for the USPS in a Sunday article in The Wall Street Journal.