Filed in USPS
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
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.
Monday, January 30, 2012
This offering will enable shippers to ship a box—weighing up to 70 pounds—anywhere in the U.S. for one price, $39.95.
Wednesday, December 14, 2011
The United States Postal Service said yesterday that it has agreed to delay the closing or consolidation of any Post Office or mail processing facility until May 15, 2012.
Posted on 12/14 at 11:10 AM
Monday, December 05, 2011
The USPS is proposing to move First Class Mail to a 2-3 day standard for contiguous U.S. destinations as part of its plan to counter significant financial losses in recent years.
Posted on 12/05 at 03:35 PM
Wednesday, November 23, 2011
USPS officials said that prices for Priority Mail and Express Mail will increase by an average of 3.1 percent and 3.3 percent, respectively, and added that the Postal Regulatory Commission will review the prices before they take effect on January 22, 2012.
Posted on 11/23 at 11:27 AM
Parcel Select •
Wednesday, November 16, 2011
Financial issues for the United States Postal Service (USPS) remain front and center, with this week’s announcement that for Fiscal Year 20111 the USPS had a net loss of $5.1 billion.
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Tuesday, October 25, 2011
Quarterly revenue for Big Brown—at $13.2 billion—was up 8.0 percent annually, and operating profit—at $1.61 billion—was up 0.2 percent. Earnings per share—at $1.06—saw a 14 percent year-over-year increase, topping Wall Street expectations of $1.05 per share.