Press Release Affordable Mail Alliance Responds to USPS Earnings Report Washington, DC – The Affordable Mail Alliance today responded to the United States Postal Services’ earning report. The report contends that the USPS will not have the capital to continue opeartions into FY 2011. This claim is false. As the Postal Service said just a […]
The fiscal 2010 year-to-date net loss is $5.4 billion Cash Shortfall Likely in 2011; Customer Service Scores Remain High WASHINGTON — The U.S. Postal Service ended the third quarter of fiscal year 2010 (April 1 – June 30) with a net loss of $3.5 billion, compared with a net loss of $2.4 billion for the […]
Aug. 5 (Bloomberg) — The U.S. Postal Service, which has predicted it may lose $7 billion this year, posted a loss of $3.5 billion in its fiscal third quarter alone. The net loss in the quarter ended June 30 widened from a year-earlier $2.4 billion, the agency said today in Washington. An $800 million adjustment to […]
Update from the U.S. Postal Service: The state of the Postal Service, its finances and its future, has been the topic of much conversation recently. In some instances, these discussions have not been based on fact. Here is accurate information to help customers and the mailing industry better understand what is really happening. It’s being […]
Recent audit report from the USPS Office of Inspector General : Most Postal Service bargaining unit employees are represented by one of the four major unions. The national agreements signed by senior-level management and the four union presidents include grievance-arbitration procedures that Postal Service management, bargaining unit employees (also referred to as craft employees), and union […]
The US Postal Service filed its May 2010 (unaudited) preliminary financial report on Friday, June 24, 2010 with the Postal Regulatory Commission. USPS reported a net income/ loss of $642 million. The total Fiscal Year to year loss is $2.9 billion ($382 lost for April; $381 lost for month of March; $611 lost in February; $592 […]
Documents submitted by PostalReporter reader shows the Postal Service’s History of requesting 5-day delivery to relieve its financial woes. The 94th and 95th Congresses Representative Tom Corcoran stated at a congressional hearing that the Postal Service took its first formal step toward eliminating one delivery day per week in 1976 when it conducted a study […]
The US Postal Service filed its February 2010 (unaudited) preliminary financial report yesterday with the Postal Regulatory Commission. USPS reported a net income/ loss of $382 million. The total Fiscal Year to year loss is $2.3 billion ($592 million lost for the month of January, $179 Million gain the month of December; $255 million lost […]
WASHINGTON — The U.S. Postal Service will post a net loss of $1.9 billion on declining volumes of 88.1 billion pieces of mail for the six months ended March 31, 2010, further evidence that the Postal Service continues to face incredible challenges, Postmaster General John Potter said today. Potter reinforced the need for legislative and […]
The U.S. Postal Service, which has said it may lose $7 billion this year, narrowed its fiscal second quarter loss to $1.6 billion. The net loss in the quarter ended March 31 shrank from $1.9 billion a year earlier, the agency said today in Washington. Mail volume dropped 6.3 percent in the past six months, […]