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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.
With UPS and USPS's contract ending, people and businesses in the U.S. will receive their SurePost packages possibly a day earlier as the transit time decreases from two to seven days to two to ...
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 Postal Service Reform Act of 2022 is a federal statute intended to address "the finances and operations of the U.S. Postal Service (USPS)", [1] specifically to lift budget requirements imposed on the Service by the Postal Accountability and Enhancement Act [2] and require it to continue six-day-a-week delivery of mail.
The USPS initially issued the suspension notice ... like Shein and Temu to ship packages under $800 into the U.S., duty-free. This rule will stay in place. ... than 30 percent of all packages ...
In 2007, the US Postal Service discontinued its outbound international surface mail ("sea mail") service, [3] mainly because of increased costs. Returned undeliverable surface parcels had become an expensive problem for the USPS, since it was often required to take such parcels back.
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