#usps-financial-crisis

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fromFast Company
2 days ago
Washington DC

USPS warns it may not make it to 2027 without changes-starting with pricier stamps

USPS faces insolvency within 12 months without operational flexibility, pricing increases, and expanded borrowing authority to address 104 billion pieces of lost annual mail volume since 2006.
fromAxios
3 days ago
Media industry

USPS warning raises stakes for mail-order prescriptions, higher postage prices

USPS faces imminent cash depletion within 12 months without congressional intervention, threatening mail delivery including critical prescription medications, while Amazon simultaneously reduces USPS volume by two-thirds.
Washington DC
fromFast Company
2 days ago

USPS warns it may not make it to 2027 without changes-starting with pricier stamps

USPS faces insolvency within 12 months without operational flexibility, pricing increases, and expanded borrowing authority to address 104 billion pieces of lost annual mail volume since 2006.
Media industry
fromAxios
3 days ago

USPS warning raises stakes for mail-order prescriptions, higher postage prices

USPS faces imminent cash depletion within 12 months without congressional intervention, threatening mail delivery including critical prescription medications, while Amazon simultaneously reduces USPS volume by two-thirds.
more#postal-service-reform
fromwww.theguardian.com
4 days ago

US postal service will run out of money by February 2027, says agency chief

The postal service which relies on stamps and service fees rather than tax dollars to deliver mail six days a week to every address in the country would run out of cash for employees and vendors by February next year. The agency has operated with a financial shortfall almost every fiscal year since 2007, as people and businesses have moved toward paperless billing and digital communication, forgoing first-class mail.
Non-profit organizations
US news
fromwww.npr.org
4 days ago

The Postal Service may be out of cash in 2027 without Congress' help, postmaster says

The U.S. Postal Service will run out of cash within 12 months at current spending rates and may halt mail deliveries without intervention.
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