USPS

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.
By Jeff Berman · February 12, 2014
Metro Post, an initiative rolled out by the USPS in December 2012 in San Francisco that serves as a package delivery service providing customers with same-day delivery from participating locations within a defined location, will cease operations on March 1, according to a report from the USPS Office of Inspector General. But that does not mean the effort is squashed permanently, as USPS continues to go forward with Metro Post in New York.
By Jeff Berman · February 11, 2014
Last week, the United States Postal Service (USPS) said it incurred a net loss of $354 million. This is the 19th time in the last 21 quarters the USPS has reported a loss and follows a fiscal year 2013 loss of $5 billion.
By Bob Trebilcock · January 3, 2014
When it comes to e-fulfillment, it's not enough to pick and pack the order. We need to remember that the process isn't complete until the customer gets the order.
By Jeff Berman · November 12, 2013
The financially-beleaguered United States Postal Service (USPS) and e-commerce giant Amazon announced yesterday that they have teamed up in a joint effort focusing on Sunday delivery in the Los Angeles and New York metropolitan areas, which kicked off last Sunday.
By Jeff Berman · August 15, 2013
The United States Postal Service (USPS) this week rolled out various upgrades to its Priority Mail offering which it said have the potential to bring in more than half a billion dollars in new revenue in the next year.
By Jeff Berman · June 6, 2013
In a Webcast yesterday, USPS Chief Financial Officer and Executive Vice President Joseph Corbett explained that the financial outlook at the USPS has “created a crisis of confidence” for the Postal Service in the eyes of the marketplace, adding that the USPS “needs to as quickly as possible resolve the issues."
By Jeff Berman · May 10, 2013
Following a $1.3 billion net loss in the fiscal first quarter, the USPS said its second quarter net loss was $1.9 billion. These losses follow a fiscal year 2012 loss of $15.9 billion.
By Jeff Berman · April 11, 2013
The United States Postal Services’ (USPS) desire to eliminate Saturday delivery—as part of an effort to become financially solvent—is not likely to come to fruition.
By Jeff Berman · February 11, 2013
The United States Postal Service announced late last week that it finished the first quarter of fiscal year 2013 with a net loss of $1.3 billion, coming off of a fiscal year 2012 loss of $15.9 billion.

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