Filed in USPS
Friday, November 12, 2010
The United States Postal Service (USPS) reported that it had a net loss of $8.5 billion for the fiscal year which ended on September 30. USPS officials cited various factors for the loss, including “continuing economic pressures and migration to electronic media [having] a significant adverse impact on mail volumes and operating revenues. Despite rigorous initiatives that eliminated 75 million work hours and drove productivity to record highs in 2010, the losses mounted.”
Thursday, November 04, 2010
Earlier this week, the United States Postal Service (USPS) rolled out new prices for various services, which are scheduled to take effect on January 2, 2011, pending approval from the Postal Regulatory Commission. In its announcement, the USPS said it is rolling out new flat-rate products, as well as offerings geared specifically to consumers and shippers, respectively.
Thursday, October 28, 2010
The United States Postal Service announced this week that Postmaster General and CEO John E. Potter will retire on December 3. Potter, a 32-year USPS veteran will be replaced by Patrick R. Donahoe, Deputy Postmaster General and Chief Operating Officer. Donahoe was voted as Potter’s successor by The Governors of the Postal Service and will become the 73rd Postmaster General.
Thursday, September 30, 2010
Earlier today, the Postal Regulatory Commission (PRC) formally denied a request made in July by the United States Postal Service (USPS) for an average 5.6 percent rate increase. PRC officials said that the request was turned down, because the USPS “failed to justify rate increases in excess of its statutory CPI price cap.”
Posted on 09/30 at 01:09 PM
Thursday, September 02, 2010
At a time when it is up against daunting financial conditions, the United States Postal Service (USPS) said it has kicked off negotiations with the American Postal Workers Union, AFL-CIO (APWU).
Posted on 09/02 at 08:17 AM
Postal Service •
Wednesday, August 25, 2010
The United States Postal Service (USPS) recently announced it is petitioning the Postal Regulatory Commission (PRC) to move its Standard Mail parcels from its market-dominant product list to its competitive products list.
Tuesday, August 17, 2010
As part of a continuing effort to meet customer needs—and generate solutions to drive needed revenue—the United States Postal Service (USPS) is now offering shipping services at 1,083 Office Depot stores throughout the United States.
Friday, August 06, 2010
Ongoing fiscal woes continue to threaten the financial viability of the United States Postal Service, as evidenced by its recently released fiscal year third quarter earnings.
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Wednesday, August 04, 2010
The United States Postal Service (USPS) announced yesterday that Paul Vogel has been brought back into the fold as president, Mailing and Shipping Services.