Filed in USPS
Wednesday, August 01, 2012
Not surprisingly, the United States Postal Service announced this week it is unable to make $5.5 billion in mandated prefunding health retiree benefits to the Treasury, which is due today, as well as a $5.6 billion payment due on September 30.
Friday, July 27, 2012
USPS said the new envelope is 9.5 x 12.5 inches and can be ordered online for free at http://www.usps.com
effec,tive August 2, and it can be sent to nearly every U.S.-based location overnight at $17.75 for either commercial or online customers.
Posted on 07/27 at 10:57 AM
Wednesday, July 18, 2012
A report by the USPS Office of Inspector General (OIG), entitled “Strategic Advantages of Moving Mail by Rail,” highlights the fact that moving USPS services and products on rail could be highly advantageous and beneficial for the USPS, with multiple benefits.
In a 10-K filing with the Securities and Exchange Commission, FedEx said this week that it has learned that the United States Postal Service plans to solicit proposals for domestic air services that are currently provided by FedEx.
Posted on 07/18 at 10:53 AM
Thursday, May 10, 2012
The USPS said it incurred a new loss of $3.2 billion during the quarter, following a $3.3 billion fiscal first quarter loss and a $5.1 billion fiscal year 2012 loss.
Wednesday, May 09, 2012
The USPS today released a new strategy, which it said could keep the smallest U.S. post offices open for business “while providing a framework to achieve significant cost savings” in an effort to regain financial solvency.
Posted on 05/09 at 02:51 PM
Thursday, April 26, 2012
As the United States Postal Service (USPS) continues to face a significant uphill fiscal battle, a bill passed by the U.S. Senate this week aims to get it on better financial footing.
Posted on 04/26 at 12:35 PM
Monday, April 16, 2012
GAO officials said the objective of this report was to address actions the USPS has taken since 2006 to reduce excess capacity in facilities, staff, equipment and transportation; plans the USPS is making to consolidate its mail processing network; and key stakeholder issues and challenges related to its plans.
Posted on 04/16 at 10:02 AM
Thursday, March 08, 2012
This week the USPS publicly released updates to its cost-cutting plan, which include new financial projections and suggestions for legislative reforms, too.
Posted on 03/08 at 02:38 PM
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Thursday, February 09, 2012
The first quarter of the fiscal year 2012 continued where fiscal year 2011 ended for the United States Postal Service—with a significant loss.