$1.4 billion Postal Service operating profit for first five months of FY 2015 (greater than operating profit for full FY 2014) For the fiscal year so far (October 2014-February 2015), the Postal Service has a $1.401 billion operating profit (see ‘Controllable Operating Income (Loss)’ line in the report linked here). This result, for the first […]
From the National Assoc. of Letter Carriers – 3.19.15 The following Mandatory Safety Talk was provided to the NALC. National business agents have been asked to distribute the information to all branch contacts and to follow up to make sure that the mandatory talks are in fact given. Please advise NALC Director of Safety and […]
The federal spending plan for Fiscal Year 2016 released by the House of Representatives on Tuesday once again aims to cut letter carriers’ pay. The FY2016 budget measure, released by the House Budget Committee, calls for requiring all federal employees to pay more out of their own pockets toward their retirement benefits. While the House […]
The following article from the National Association of Letter Carriers President Fred V. Rolando, appeared in the March 2015 The Postal Record: You can’t judge a new CEO on the basis of only one week on the job. That would be like judging a book based on its opening chapter or the color of its […]
On Feb. 25, 2015, the U.S. Postal Service’s financial results for the month of January 2015 were posted on the Postal Regulatory Commission’s website. For the month of January 2015, the Postal Service reported a $195 million operating profit. For the fiscal year to date, USPS now has a $1.325 billion operating profit. The $195 […]
The U.S. Department of Labor —Office of Labor-Management Standards (OLMS) – Criminal Enforcement Actions On January 21, 2015, in the United States District Court for the Middle District of Georgia, Athens Division, Cynthia Collins, former Secretary-Treasurer of American Postal Workers Union (APWU) Local 12 (located in Athens, Ga.), pled guilty to one count of embezzlement […]
Going Postal: Post Office Worker Sues Colleagues, Claims Defamation of Character A Bolingbrook, Illinois postal worker (also a former NALC steward) has filed a lawsuit claiming four USPS management officials “disparaged him with libelous comparisons to violent people.” Christopher A. Johnson, a city letter carrier since 2007, filed his defamation of character lawsuit on February […]
The U.S. Postal Service had a $1.1 billion operating profit in the first quarter of Fiscal Year 2015, up from $765 million in the same period last year and $144 million two years ago. (See pg. 17 of the Quarter I, 2015 Report on Form 10-Q.) In addition, USPS’ cash balance grew to $7 billion […]
Yesterday the National Association of Letter Carriers wrote: The Postal Service financial turnaround is continuing into its third year of operating profitability, never more evident than in this quarter with its $1.1 billion operating profit and the increase to $7 billion in available cash. The CFO called it “a fantastic quarter.” But Senator Thomas Carper […]
From Fredric Rolando, president of the National Association of Letter Carriers: The Postal Service financial turnaround is continuing into its third year of operating profitability, never more evident than in this quarter with its $1.1 billion operating profit and the increase to $7 billion in available cash. The CFO called it “a fantastic quarter.” This […]