Saturday, March 21, 2026

US Postal Service on brink of financial collapse, chief tells Congress

"...The U.S. Postal Service will be out of cash and unable to deliver mail, and pay vendors and employees, in less than 12 months unless Congress lifts the carrier’s statutory debt limit of $15 billion and eliminate mandates that handcuff its ability to make money and burden it with uncontrollable expenses, Postmaster General David Steiner told Congress on Tuesday. ..."    


This Article is From: www.freightwaves.com


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