A Golden Opportunity?

The U.S. Postal Service is best known for delivering the mail. But did you know it’s also the number one seller of the most widely used type of alternative financial service in the United States? We’re talking about money orders, which function like prepaid checks. The Postal Service sold a whopping 97 million of them with a face value of $21 billion in fiscal year 2014.

 

Have you ever shopped on one of Alibaba’s websites?

The story goes that Alibaba founder Jack Ma chose his company’s name for two reasons: He wanted to be ahead of Amazon alphabetically and he wanted a global-sounding name. It didn’t hurt that some people also associated the word Alibaba with “hidden treasure” – recalling the most famous story from The Arabian Nights.

Alibaba is China’s giant ecommerce platform that is now taking on the globe. Its September 2014 initial public offering in the United States was the largest ever, and Ma has signaled his interest in expanding here.

 

Ideas on the Doorstep

You can’t cut your way to prosperity. It’s a common saying in business circles, particularly in the mailing industry. The U.S. Postal Service has done a good job cutting costs, yet still needs to grow revenue with new products and services.

Indeed, recent reports suggest a sure way for a post to boost revenue is by offering customers a range of innovative products, such as parcels, logistics, banking, insurance, and digital services. Many of our papers have encouraged the Postal Service to explore these kinds of revenue-generating products and services.

 

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  • 1 day 17 hours ago
    I have worked for the USPS for over 23 years. I had a traumatic injury while at work and have been on OWCP Bennifits. My OWCP Bennifits have been terminated. I have Appeal rights and yes am...
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    Only every other Sunday? We have to work 3 or 4 out of 4. We are a small rural office with only 9 rural routes. Currently 3 of the regulars are out with injuries/surgeries. We only have 4 RCA's...

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