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USPS Board of Governors to meet Nov. 15

WASHINGTON — The Board of Governors of the U.S. Postal Service will meet Nov. 15 in open session at Postal Service headquarters, 475 L’Enfant Plaza, SW, Washington, DC. The public is welcome to observe the meeting beginning at 8 a.m. in the Ben Franklin Room on the 11th floor.

USPS efficiency helps lower third quarter loss

WASHINGTON — The U.S. Postal Service ended the third quarter of its 2013 fiscal year (April 1 – June 30) with a net loss of $740 million, increasing the year-to-date net loss to $3.9 billion. Aggressive Postal Service actions to contain costs and increase efficiency, along with a decrease in workers’ compensation expense due to fluctuations of discount rates, prevented the financial loss from being greater. However, the Postal Service will not return to profitability and long-term financial stability without passage of comprehensive legislation to fix a business model that does not allow it to adapt to changes in the marketplace.

USPS efficiency helps lower third quarter loss

WASHINGTON — The U.S. Postal Service ended the third quarter of its 2013 fiscal year (April 1 – June 30) with a net loss of $740 million, increasing the year-to-date net loss to $3.9 billion. Aggressive Postal Service actions to contain costs and increase efficiency, along with a decrease in workers’ compensation expense due to fluctuations of discount rates, prevented the financial loss from being greater. However, the Postal Service will not return to profitability and long-term financial stability without passage of comprehensive legislation to fix a business model that does not allow it to adapt to changes in the marketplace.

Postmaster General urges Congress to fix Postal Service business model to address marketplace realities

WASHINGTON — Postmaster General Patrick R. Donahoe told a House committee today the Postal Service continues to face systemic financial challenges because it has a business model that does not allow it to adapt to changes in the marketplace and it does not have the legal authority to make the fundamental changes that are necessary to achieve long-term financial stability.

Postmaster General urges Congress to fix Postal Service business model to address marketplace realities

WASHINGTON — Postmaster General Patrick R. Donahoe told a House committee today the Postal Service continues to face systemic financial challenges because it has a business model that does not allow it to adapt to changes in the marketplace and it does not have the legal authority to make the fundamental changes that are necessary to achieve long-term financial stability.

Second quarter $1.9 billion loss highlights urgent need for comprehensive legislation

WASHINGTON — The U.S. Postal Service ended the second quarter of its 2013 fiscal year (Jan. 1 – March 31) with a net loss of $1.9 billion. The Postal Service continues to grow revenue and reduce expenses by using the tools available to it under existing law.

Second quarter $1.9 billion loss highlights urgent need for comprehensive legislation

WASHINGTON — The U.S. Postal Service ended the second quarter of its 2013 fiscal year (Jan. 1 – March 31) with a net loss of $1.9 billion. The Postal Service continues to grow revenue and reduce expenses by using the tools available to it under existing law.

Postal Service Board of Governors to Meet May 10

WASHINGTON — The Board of Governors of the U.S. Postal Service will meet May 10 in open session at Postal Service headquarters, 475 L’Enfant Plaza, SW, Washington, DC. The public is welcome to observe the meeting beginning at 8:30 a.m. in the Ben Franklin Room on the 11th floor. The Board is expected to discuss the following items:

Postal Service Board of Governors to Meet May 10

WASHINGTON — The Board of Governors of the U.S. Postal Service will meet May 10 in open session at Postal Service headquarters, 475 L’Enfant Plaza, SW, Washington, DC. The public is welcome to observe the meeting beginning at 8:30 a.m. in the Ben Franklin Room on the 11th floor. The Board is expected to discuss the following items:

Postmaster General urges Congress to provide delivery schedule flexibility

WASHINGTON — Postmaster General Patrick R. Donahoe told a House committee today that the Postal Service is currently operating with a broken business model and the gap between revenues and costs will only get worse in the coming years unless the laws that govern the Postal Service are changed.