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U.S. Postal Service Reports Fiscal Year 2016 Results

WASHINGTON — After accounting for a $5.8 billion retiree health benefit prefunding obligation, the U.S. Postal Service posted a net loss of approximately $5.6 billion for fiscal year 2016 (October 1, 2015 – September 30, 2016), as compared to a $5.1 billion net loss for the year ended September 30, 2015.

U.S. Postal Service Reports Fiscal Year 2016 Results

WASHINGTON — After accounting for a $5.8 billion retiree health benefit prefunding obligation, the U.S. Postal Service posted a net loss of approximately $5.6 billion for fiscal year 2016 (October 1, 2015 – September 30, 2016), as compared to a $5.1 billion net loss for the year ended September 30, 2015.

Temporary Emergency Committee of the Postal Service Board of Governors to Meet Nov. 15

WASHINGTON — The Temporary Emergency Committee of the Board of Governors of the U.S. Postal Service (“TEC”) will meet Nov. 15 in open session at Postal Service headquarters, 475 L’Enfant Plaza, SW, Washington, DC.

Temporary Emergency Committee of the Postal Service Board of Governors to Meet Nov. 15

WASHINGTON — The Temporary Emergency Committee of the Board of Governors of the U.S. Postal Service (“TEC”) will meet Nov. 15 in open session at Postal Service headquarters, 475 L’Enfant Plaza, SW, Washington, DC.

Temporary Emergency Committee of the Postal Service Board of Governors to meet Nov. 13

WASHINGTON — The Temporary Emergency Committee of the Board of Governors of the U.S. Postal Service (“TEC”) will meet Nov. 13 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 TEC is expected to discuss the following items:

Postmaster General promotes mail, digital technology at Postal Forum

ANAHEIM, CA — In a keynote speech today at the National Postal Forum—the annual mailing industry trade show—Megan Brennan, Postmaster General and Chief Executive Officer of the Postal Service, promoted opportunities for the mailing industry to leverage the rapid adoption of digital and mobile technology by today’s consumers.

Temporary Emergency Committee of the Postal Service Board of Governors to Meet Feb. 6

WASHINGTON — The Temporary Emergency Committee of the Board of Governors of the U.S. Postal Service (“TEC”) will meet Feb. 6 in open session at Postal Service headquarters, 475 L’Enfant Plaza, SW, Washington, DC.

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.