Statement of Joseph Corbett, Chief Financial Officer USPS

The Postal Service is encouraged by the President’s recognition of the Postal Service’s financial situation. We look forward to working with the Administration and Congress in the coming year on CSRS and FERS over-funding, the retiree health benefit pre-funding requirement, delivery flexibility and retail access. The Postal Service strongly supports the Administration’s commitment to the […]

USPS Awards Company $45 Million Contract To Provide Managed Network Services

The following is a press release from XO Communications: HERNDON, VA – February 14, 2011- XO Communications (OTCBB: XOHO) today announced that it has been awarded a six-year contract with the expected potential revenue of $45 million to provide managed network services to United States Postal Service facilities under the Telecom Integrated Postal Network (TIPN) […]

Sen. Carper Reacts to Report Detailing Postal Employee Abuse of Agency Credit Cards

The office of Senator Thomas Carper issued the following press release: WASHINGTON – Today, Sen. Tom Carper (D-Del.), chairman of the Senate subcommittee with jurisdiction over the U.S. Postal Service, reacted to a recent Postal Service Inspector General report that details abuse of agency credit cards by postal employees:  “We’re at a point today where […]

Owner Of Houston Pre-sort Company Found Guilty Of Stealing Millions From USPS

One of the largest counterfeit postage loss in the history of the U. S. Postal Service The following is a press release from the U.S. Attorney’s Office, Southern District Texas (HOUSTON) – The former owner of one of the largest mail presort operations in the Houston area has been found guilty by jury of conspiring […]

U.S. Postage Stamp Commemorates Former President’s Centennial Year

Reagan Forever SIMI VALLEY, CA — Considered one of the most influential presidents of the 20th century, Ronald Reagan, America’s 40th president, was honored today with the issuance of a commemorative Forever Stamp in celebration of the centennial year of his birth. “Ronald Wilson Reagan was one of a kind,” said James C. Miller, III, […]

OSHA cites USPS in Nashville, Tenn., with $70,000 fine for safety hazard

NASHVILLE, Tenn. – The U.S. Department of Labor’s Occupational Safety and Health Administration has cited the U.S. Postal Service on Royal Parkway in Nashville with one willful safety violation for allowing workers to use damaged and unrepaired dock levelers, carrying a penalty of $70,000. OSHA began its inspection following a complaint that an employee was […]

Zumbox and KUBRA Partner to Deliver Digital Postal Mail and Increase Paper Suppression Rates for Large Transactional Mailers

Zumbox issued the following press release Alliance Cuts Costs, Increases Sustainability and Enhances Customer Communications for KUBRA Clients Mississauga, ON and Los Angeles, CA – February 9, 2011 – KUBRA, a customer interaction management solution provider, and Zumbox, the leader in digital postal mail services, today announced an agreement to provide digital postal mail as […]

USPS awards multi-million dollar contract for package sorter and overhead camera systems

Louisville (KY), USA. VITRONIC Machine Vision Limited today announced that it was awarded a multimillion contract by The United States Postal Service ® (USPS) for 126 package sorter and overhead camera (PSOC) system kits for use in mail processing facilities. Under terms of the agreement, VITRONIC will supply the USPS with 126 VICAMssi2 line-scan camera […]

Postal Service’s Net Income In FY Q1 $226 Million If Not For Pre-Funding Liability

Postal Service Begins 2011 with $329 Million Loss in First Quarter. Recession eases, but First-Class Mail volume continues to decline  The U.S. Postal Service (USPS) ended the first quarter of this fiscal year (Oct. 1 – Dec. 31, 2010) with a net loss of $329 million, compared to a net loss of $297 million for […]

Study Says 2016 Is the “Tipping Point” for eBill Usage

Companies Presented 5.1 Billion eBills in 2010 February 3, 2011 HERNDON, Va — When will eBills be more widely used than traditional paper bills? A recent study suggests it might only be five years down the road. The study conducted by NACHA’s Council for Electronic Billing and Payment (CEBP) and PayItGreen suggests that eBilling – […]