Headlines: Data Industry
The USPS Office of the Inspector General has issued a report that details financial the shortfall suffered by the Postal Service at the hands of outmoded terminal dues rates, in particular the international shipping ePacket rate governing light weight parcels. Terminal dues are the fees associated with mail handling between international postal services. The ePacket rates that governs such exchanges between the USPS and its largest competitors such as China Post, actually put U.S. ecommerce companies shipping within the U.S. at a disadvantage. These rates have been re-negotiated recently, and it is hoped that signatories such as China Post will not revert to Universal Postal Union rates that prepetuate the problem. Read More