USPS

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.
By Jeff Berman · 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.
By Jeff Berman · 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.
By Jeff Berman · March 8, 2012
This week the USPS publicly released updates to its cost-cutting plan, which include new financial projections and suggestions for legislative reforms, too.
By Jeff Berman · February 9, 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.
By Jeff Berman · 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.
By Jeff Berman · 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.
By Jeff Berman · December 5, 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.
By Jeff Berman · 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.
By Jeff Berman · 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.
By Jeff Berman · 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.

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