Filed in United States Postal Service
Friday, February 01, 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.
Wednesday, August 01, 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.
Thursday, February 10, 2011
Despite modest gains in volumes, financial issues are still prevalent at the United States Postal Service.
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.
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Friday, August 13, 2010
UPS has rolled out a new consumer-to-business returns service, representing a step forward in reverse logistics.