USPS

By Jeff Berman · July 14, 2016
As negotiations continue between Canada Post and the Canadian Union of Postal Workers, the United States Postal Service (USPS) is still monitoring a possible work disruption affecting Canada Post, noted a USPS customer alert issued on July 11.
By Jeff Berman · May 10, 2016
The USPS reported that operating revenue at $17.7 billion was up 4.7 percent, or $788 million, annually. But it incurred a net loss of $2.0 billion compared to a $1.5 billion loss for the same period a year ago.
By Jeff Berman · February 26, 2016
Even with some reasons for optimism based on a strong performance from its Shipping and Package group, financial issues persist for the United States Postal Service (USPS). The USPS made this clear yesterday, explaining that without Congressional or court action to extend, or make permanent, its current exigent surcharge for mailing products and services, it will be required to decrease certain prices, effective April 10, 2016.
By Jeff Berman · February 9, 2016
USPS pointed to ongoing growth in its Shipping and Package Group, whose primary offerings are comprised of Priority Mail, Express Mail, Parcel Select and Parcel Return services, as the key driver for the quarterly revenue gains.
By Jeff Berman · November 16, 2015
While its top-line losses remain intact, with last week’s announcement that it had a $5.1 billion fiscal year 2015 net loss, there are some bright spots mixed in with last week’s fiscal year 2015 earnings announcement from the United States Postal Service (USPS).
By Jeff Berman · October 19, 2015
While often viewed as a lower-price alternative to the “big two” of UPS and FedEx in some instances, the United States Postal Service (USPS) last week announced it plans to raise prices for some of its Shipping Services in a filing with the Postal Regulatory Commission.
By Jeff Berman · August 10, 2015
The USPS reported today that it had a $586 million net loss for the fiscal third quarter, which represents a $1.4 billion reduction compare to a $2 billion net loss for a same quarter a year ago. For the fiscal first and second quarters, the USPS had $754 million and $1.5 billion net losses, respectively.
By Jeff Berman · May 11, 2015
Late last week, the United States Postal Service (USPS) announced it had a $1.5 billion net loss for the fiscal second quarter compared to a $1.9 billion net loss for the same period last year. This follows a fiscal first quarter net loss of $754 million and a $5.5 billion fiscal 2014 net loss.
By Jeff Berman · February 6, 2015
USPS reported a $754 million net loss for the quarter, following a $5.5 billion net loss for all of fiscal 2014.
By Jeff Berman · November 14, 2014
The United States Postal Service (USPS) today announced that fiscal year 2014 operating revenue increased by $569 million, which was driven by its January 2014 rate increase and an ongoing strong performance in its Shipping and Package group. Conversely, though, the USPS said it is still faced with regulatory burdens and constraints as it incurred a FY 2014 net loss of $5.5 billion, marking the eighth straight annual net loss. USPS officials said this most recent annual loss highlights the need for legislation to repair its “broken business model.”
By Jeff Berman · November 10, 2014
In an effort to meet anticipated holiday season demand in the form of double-digit volume growth, the United States Postal Service (USPS) last week said that it plans to deliver packages seven days per week in major cities and volume areas, effective November 17 through Christmas Day, December 25.
By Jeff Berman · August 11, 2014
In the unlikely event, you have not heard it before, we will repeat it again: the United States Postal Service (USPS) lost money last quarter. Just to clarify, that is in regards to the fiscal third quarter of this year, but it also applies to 21 of the last 23 quarters in which the USPS has recorded a loss, stretching a span of nearly six years of mostly dark times.
By Jeff Berman · July 2, 2014
In an effort to grow its Priority Mail offering, the United States Postal Service (USPS) said this week that it has filed notice with the Postal Regulatory Commission to change prices for Priority Mail.
By Jeff Berman · May 15, 2014
When it comes to the financial dire straits of the United States Postal Service, the common refrain goes something like this: another quarter, another loss.
By Jeff Berman · May 6, 2014
A recent Wall Street Journal (WSJ) article noted that Amazon is testing its own delivery network for “last-mile” services in San Francisco, with plans to do the same in Los Angeles and New York.

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