The Postal Service needs help from Congress to stop the red ink, Postmaster General Patrick Donahoe told CNBC on Wednesday. Despite an increase in package revenues and an emergency price hike that took effect in January, the agency said Monday it lost $2 billion in the second quarter. “The problem we face … is we […]
08/11/2014 – USPS management is doing its best to keep the good news quiet, but facts are facts. According to reports released by the USPS on Aug. 11, as of June 30, three-quarters of the way through Fiscal Year 2014: Operating income was up by about $1 billion over the previous year; Revenue increased 2.1 […]
WICHITA, Kansas – The U.S. Postal Service announced it has signed a lease for its newest Customer Care Center. The new call center will be housed in a 49,000 square-foot building at 4509 E. 47th St. South in Wichita. It will field calls from customers across the nation. “The Postal Service is committed to providing […]
WASHINGTON – Today, Homeland Security and Governmental Affairs Committee Chairman Tom Carper (D-Del.) released the following reaction to the announcement that the U.S. Postal Service lost $2 billion in the third quarter of fiscal year 2014: “The U.S. Postal Service continues to suffer unsustainable losses that threaten its long-term viability. While the Postal Service showed […]
Aug. 11, 2014—Statement from National Association of Letter Carriers President Fredric V. Rolando, on today’s U.S. Postal Service report for the third quarter of Fiscal Year 2014: The figures released today by the Postal Service show an operating profit of slightly more than $1 billion for the first three quarters of Fiscal Year 2014, continuing the […]
Shipping and Package Services Revenue Up 6.6 Percent · January Price Increase Offsets Continued Volume Loss in First-Class Mail, Driving All Mail Revenue Up $424 Million · Need for Comprehensive Legislation Remains Urgent WASHINGTON — The U.S. Postal Service ended the June 30, 2014, quarter with a net loss of $2.0 billion, compared to a […]
According to Wall Street Journal: Some critics question whether the Postal Service is charging the delivery services like FedEx, UPS and Amazon enough for the services. The flood of these packages has begun to tax the system. FedEx and UPS are moving more of their packages through the U.S. Postal Service, putting pressure on the […]
Though the promising concept of postal banking has frustratingly stalled due to inertia from policymakers, this week things started to move. Rep. Darrell Issa, chairman of the House Oversight Committee, which oversees the Postal Service, previously called postal banking “unacceptable” and a “massive expansion” of government power. But now, the Senate Homeland Security and Government […]
The U.S. Postal Service has some explaining to do. I soon will be talking with U.S. Postmaster General Patrick Donahoe in Washington. I’ll have hard questions about the ill-conceived decision to close the mail-processing facility in Duluth, one of the finest and most efficient in the nation. Make no mistake. We are continuing to fight […]
‘Good for our business’ PMG gives update on Staples relationship Today’s customers demand more convenience, and the Postal Service is ready to offer it, with innovative programs for access to postal products and services. “Customers want one-stop shopping,” PMG Pat Donahoe says in his latest video message to employees. “That’s why major retailers are adding […]