House Oversight and Government Reform Committee Chairman Darrell Issa, R-Calif., today released the following statement on news that the U.S. Postal Service posted a $2.1 Billion loss in the most recent quarter: “The Postal Service’s latest reported loss illustrates the urgent need for postal reform to prevent a taxpayer funded bailout of the Postal Service,” […]
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 […]
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 […]
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 […]
A so-called “white paper” from L’Enfant Plaza, sent to every postal facility, seeks to bamboozle postal employees into supporting the postmaster general’s disastrous “recovery plan” as well as legislation that would empower Postmaster General Pat Donahoe to execute it.
The Postal Service is facing “an unprecedented financial crisis” and will be unable to fix its problems unless Congress gives the organization more flexibility, a new report concludes. USPS has about $22 billion in assets and $113 billion in liabilities, including liabilities related to a law that requires the organization to “prefund” health benefits for […]
The Postal Service is focused on growing revenue, but the organization remains stymied by its outdated business model, CFO Joe Corbett told the nation’s top chief financial officers recently. “We need to continue doing what we are doing — and we need legislation from Congress to change our business model so that we can be […]
National Association of Postal Supervisors Statement on the Postal Service’s Plan to Close Eighty-Two Processing Facilities The Postal Service on June 30 announced a major restructuring of its mail processing network with the closure of eighty-two (82) processing facilities throughout the country beginning in January, 2015. NAPS opposes the Postal Service’s plan because it will […]