On Friday, December 5, 2014, the Board of Governors approved USPS’s Annual Report (10k) Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934 for the fiscal year ending September 30, 2014. The report was initially delayed to the USPS hacking incident. The report is also approximately 20-30 pages shorter than […]
Nov. 25, 2014: The Postal Service’s financial results for October 2014—the first month of Fiscal Year 2015—were posted on the Postal Regulatory Commission’s website last night. For October 2014, the Postal Service reported $633 million in operating income. This reflects a more than two-fold increase from the $274 million operating income reported in the same […]
Poised for Growth: A Look at USPS 2014 Financial Results Friday, November 14, 2014 Once again, the Postal Service’s end-of-year results – which were released earlier today – demonstrate the Postal Service’s continued importance to American commerce and society. In 2014, the Postal Service saw overall revenue growth, as well as growth in letter mail […]
(November 13, 2014) The United States Government Accountability Office (GAO) issued the following report: “U.S. POSTAL SERVICE –Status of Workforce Reductions and Related Planning Efforts.” Report to the Chairman Darrell Issa, Committee on Oversight and Government Reform, House of Representatives note: Some of the excerpts from report are out of sequence GAO was asked to […]
What: Telephone/Web conference on U.S. Postal Service FY 2014 end of year financial results Who: Postmaster General and CEO Patrick Donahoe CFO and Executive Vice President Joseph Corbett When: Fri., Nov. 14, 2014 11 a.m. ET Background: The call is open to the news media and all other interested parties. How to Participate Important Notice: […]
Earlier this year the USPS Office of Inspector General released a white paper which explored how USPS could “offer a suite of non-bank financial services to help the financially underserved gain more financial stability and stay connected to the emerging digital economy”. The paper examined how the “Postal Service could partner with banks and other […]
(October 31, 2014) Since [Stephen] Kearney filled most every executive job on the Postal Service’s financial side, few people outside the agency are better qualified to write about postal finances. His Oct. 7 analysis may have turned a few heads there because he declared that “the financial and liquidity crisis that USPS management declared a […]
WASHINGTON — The Board of Governors of the U.S. Postal Service will meet Nov. 14 in open session at Postal Service headquarters, 475 L’Enfant Plaza, SW, Washington, DC. The public is welcome to observe the meeting beginning at 8:30 a.m. in the Ben Franklin Room on the 11th floor. The Board is expected to discuss […]
According to the Office of Inspector General: The Postal Service has an acquisition strategy that has not been fully developed or implemented. The short-term plan developed in 2011 included acquiring 25,000 vehicles costing about $500 million to meet operational needs and replace some of the aging fleet. The long-term plan included purchasing the next generation […]
The Postal Service Governors have decided to maintain current product and service prices and not seek a market dominant price change at this time. Because the Postal Service has announced price change proposals in September and October for the past three years, mailing industry representatives and others have been waiting to hear whether a price […]