U.S. to leave global postal union next month barring last-minute action; exit could send global parcel rates soaring

Photo credit: USPS

Photo credit: USPS

Barring an eleventh-hour agreement, the U.S. Postal Service (USPS) will leave the Universal Postal Union (UPU) on October 17, ending 144 years of U.S. involvement in the international body that governs the exchange of mail and postal parcels between countries, and perhaps fundamentally changing the landscape of global air shipping.