Filed in USPS
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.
Friday, October 21, 2011
EquaShip aims to provide smaller shippers with cost-savings that are typically only available to large enterprise shippers.
Wednesday, October 19, 2011
At a time when it is facing myriad financial headwinds, the United States Postal Service (USPS) announced yesterday that it has raised prices for various services and products, effective January 22, 2012.
Posted on 10/19 at 10:23 AM
Thursday, September 15, 2011
A week after a Senate committee held a hearing to examine the current state of the United States Postal Service and recent proposals to improve its financial condition, the USPS today announced proposed changes to its network that it said would deliver $3 billion in annual savings.
Posted on 09/15 at 12:14 PM
Wednesday, September 07, 2011
The financial travails of the United States Postal Service were on full display at a hearing hosted by the Senate Committee on Homeland Security and Governmental Affairs yesterday.
Posted on 09/07 at 07:12 AM
Monday, August 22, 2011
In early 2009, the United States Postal Service (USPS) stated its intent in a filing with the Postal Regulatory Commission (PRC) to launch a market test to provide service akin to a less-than-truckload (LTL) network. But in a filing submitted to the PRC on August 19, the USPS said it intends to shutter this initiative—it entitled “Collaborative Logistics”—on September 19.
Friday, April 22, 2011
The United States Postal Service (USPS) announced this week it has introduced a new regional ground service for commercial shippers looking for an “economical solution for delivery of small packages.
Wednesday, April 06, 2011
Upon ratification by union membership in the next two months, this deal will run through May 20, 2015 and impact roughly 205,000 employees, according to USPS officials.
Monday, March 28, 2011
According to the PRC, the USPS advised it that due to falling mail volumes and revenues it is considering eliminating Saturday mail collection and delivery except for Express Mail and existing post office box service.
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Tuesday, March 15, 2011
USPS officials said that upon ratification by union membership-expected-in the next two months, this deal will run through May 20, 2015 and impact roughly 205,000 employees.