Darrell Issa proposes "sweeping" reforms for USPS
A key Republican in the US Congress has unveiled his proposals to reform the US Postal Service through creation of a new Solvency Authority.
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USPS waits to hear if $800m pension pause is legal
Federal officials have said it is now up to the Department of Justice to determine whether the US Postal Service can legally withhold hundreds of millions in payments into its pension fund to avoid insolvency.
Read MoreRegional courier companies to merge in Tennessee
Private equity firm The Riverside Company has acquired a regional, time-sensitive courier company in the US state of Tennessee.
Read MoreFedEx predicts strong growth in 2012 after jump in profits
FedEx Corporation has reported a 33% improvement in its fourth quarter earnings thanks to improved demand, particularly in its US ground services and international express shipments.
Read MoreUSPS halts contributions to federal pension fund
The cash-strapped US Postal Service has alerted the federal government that it intends to stop making employer’s contributions into the federal pension fund from Friday.
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