VENTURE CAPITAL POST

UPS will manage the majority of air cargo transportation for USPS. The contract between the two entities is set for a minimum of five and a half years.

UPS replaced FedEx as USPS's primary air cargo provider after FedEx terminated their 20-year partnership due to losing nearly $2 billion.

US representatives have tried to determine the reason behind the missing or delayed United States Postal Service (USPS) mail in the metro Richmond area in Virginia.

United Parcel Service Inc (UPS.N) and FedEx Corp (FDX.N) are rolling out new pricing systems to curb online retailers' large package sizes, but industry experts warn many small firms are unprepared and could pay up to 50 percent more for shipping.

Facing a slump in the mail it had been delivering since the days of America's Revolutionary War, in 2012 the U.S. Postal Service began aggressively targeting e-commerce and lapsed customers as the way to salvage its declining business.

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.

Industry observers believed that USPS would be able to achieve success similar to Royal Mail should the former would be listed on the stock exchange.

The USPS had proposed to raise the price of its first-class stamp to USD 0.49.

The United States Postal Service featured Ray Charles in its new forever stamp.