Postal Service Revamps Priority Mail Program

August 15, 2013 Kyle Yeldell Business Comments Off on Postal Service Revamps Priority Mail Program

[AP]

USPS

The financially struggling U.S. Postal Service is revamping its priority mail program to raise revenue and drive new growth in its package delivery business.

The agency is now offering free online tracking for priority mail shipments, free insurance and date-specific delivery so customers know whether a package will arrive in one, two or three days.

Postal officials said Wednesday they expect the changes to generate more than $500 million in new annual revenue. The changes — including redesigned boxes and envelopes — are effective immediately.

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