Postal

Global Shipping Companies Set to Merge, Ship Volume to Increase
November 23, 2015 at 6:43 pm

Two Chinese state-owned shipping companies—China Ocean Shipping Co. (COSCO) and China Shipping Group—are currently working to merge, which would create the world's fourth-largest container shipping line, according to Seeking Alpha. The merger is a part of the Communist Party of China's plan to reform state-owned…

USPS Records Increase in Package Volume, but $5.1B Net Loss
November 16, 2015 at 6:53 pm

The U.S. Postal Service (USPS) reported that it recorded a 14.1 percent increase in package volume and an 11.1 percent increase in shipping and package revenue for the 2015 fiscal year, but saw a net loss of $5.1 billion. However, this loss looks better than its $5.5 billion loss in 2014. With the increase in…

Sunken Cargo Ship El Faro Believed to Be Found
November 3, 2015 at 3:57 pm

The El Faro, the cargo ship that went missing during Hurricane Joaquin, may have been found. According to NJ.com, the National Transportation Safety Board (NTSB) said that a U.S. Navy search team found the wreckage at a depth of approximately 15,000 feet, near the ship's last-known…

USPS to Add to Direct Mail and Package Delivery Capabilities, Says New Postmaster
November 25, 2014

The U.S. Postal Service needs to compete to survive and that means acting more like a private business, said Megan J. Brennan. To that end, the USPS needs to concentrate on direct mail and package delivery, said the first female postmaster general who will take over after Patrick R. Donahoe retires on Feb. 1. Brennan details a few of her plans for the USPS in a Sunday article in The Wall Street Journal.