Postal Service is on its last legs, with little help in sight

Royal Mail Group Ltd., the state-owned postal service that the U.K. government is looking to sell, said full-year profit more than doubled as growth in web-based shopping spurred parcel deliveries. Operating profit for the 52 weeks ending March 31 ...

April 24 (Bloomberg) -- FedEx Corp. agreed to a seven-year contract with the U.S. Postal Service valued at about $10.5 billion to carry mail between U.S. airports, fending off a challenge from United Parcel Service Inc. The new accord to fly Express ...

(Virginian - Pilot Via Acquire Media NewsEdge) Postal service loses $1.9 billion in quarter WASHINGTON | The financially troubled Postal Service on Friday posted a net loss of $1.9 billion in the second quarter, which ended March 31, compared with a ...

Savings from efficiency efforts and increased revenues from some categories of business were not enough to prevent the U.S. Postal Service from posting a loss of $1.9 billion in its second fiscal quarter, postal officials announced Friday. The loss, ...

Lance Armstrong violated his contract with the U.S. Postal Service and "unjustly enriched" himself by cheating to win Tour de France titles, the Justice Department argued in a lawsuit against the cyclist filed on Tuesday. The government it would ...

The United States Anti-Doping Agency's 1,000-page report into the practices adopted by the US Postal Service cycling team thrust the public into the saddle of a systematic and sophisticated doping programme during the sport's infamous 'renewal' ...

The postal service may be in a financial vise right now, but fifty years ago it created an economic legacyone now reportedly worth billions of dollars a year. On July 1, 1963, it introduced the five-digit zip code. It can be a symbol of wealth, the ...

The Postal Service perform during Day 2 of the 2013 Coachella Music Festival on April 13, 2013 in Indio, California. 0 0 0 This week on the Billboard 200 albums chart, Justin Timberlake's The 20/20 Experience fell from the No. 1 slot after a ...

The Postal Service said there were 5,879 dog attacks on U.S. postal carriers in 2012. (Reuters) - Los Angeles has earned the dubious distinction for the second year in a row as the U.S. city with the most dog attacks on mail carriers, the U.S.