The US Postal Service will cut the price of postage, the first time in nearly hundred years. While, the cost of all commodities are rising, the drop in stamp prices surprises consumers. The cost decrease is anticipated to come live on April 10, 2016.
US Postal Service
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China e-commerce industry is worth $2.1 trillion in 2014 with the number of users growing by 31.4 percent as reported by China E-Commerce Research Center (CERC). Out of the total amount, $450 billion comes from the online retail business alone. Current market players in the e-commerce are Alibaba, JD.com, and Suning Commerce.
The troubled US Postal Service (USPS) reported an annual loss amounting to USD5 billion for the fiscal year that ended on September 30 despite efforts to improve profitability.
Troubled delivery service US Postal Service said it is hoping the surge in 2013's holiday online shopping and gift-sending would generate more revenue for the company through its partnership with Amazon.com and Sunday package deliveries.
For its Amazon prime members, Amazon had entered into an agreement with the US Postal Service into providing deliveries to customers on both Saturdays and Sundays.
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