USPS

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.
By Patrick Burnson · February 1, 2013
In early January, the United States Postal Service (USPS) called on Congress for postal legislation in an effort to become solvent—a statement the comes on the heels of the USPS saying that it many not be able to wait for Congress to act.
By Jeff Berman · January 15, 2013
In early January, the United States Postal Service called on Congress for postal legislation in an effort to become solvent. Not too long after it is saying it cannot “wait indefinitely for legislation” at least not at the moment anyhow.
By Jeff Berman · January 4, 2013
USPS Postmaster General Patrick Donahoe pointed out that the 112th Congress adjourned without passing postal legislation, which he said could quickly restore the USPS to profitability and put it on stable, long-term financial footing
By Jeff Berman · November 16, 2012
The financial outlook for the United States Postal Service (USPS) remains dim, with this week’s announcement that it incurred a record net loss of $15.9 billion for fiscal year 2012, compared to a $5.1 billion loss in fiscal year 2011.
By Jeff Berman · October 16, 2012
The United States Postal Service (USPS) recently rolled out new prices set to take effect on January 27, 2013, pending approval from the Postal Regulatory Commission.
By Jeff Berman · September 20, 2012
Resolving legislative issues geared towards making the USPS more profitable and sustainable are front and center for the organization’s future, said Postmaster General Patrick Donahoe.
By Jeff Berman · August 1, 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.
By Jeff Berman · 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.
By Jeff Berman · 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.
By Jeff Berman · July 18, 2012
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.
By Jeff Berman · 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.
By Jeff Berman · May 9, 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.

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