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.
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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.
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.
Postmaster General urges prompt action by Congress
WASHINGTON — Postmaster General Patrick R. Donahoe told a Senate committee today that the Postal Service’s financial problems are more urgent than ever and will continue to get worse until Congress takes action to reform its business model. Testifying before the Senate Homeland Security and Governmental Affairs Committee, Donahoe said the Postal Service will continue to take aggressive steps to increase revenue and reduce operating expenses but needs legislative changes from Congress to help return the Postal Service to long-term financial stability.
Postmaster General urges prompt action by Congress
WASHINGTON — Postmaster General Patrick R. Donahoe told a Senate committee today that the Postal Service’s financial problems are more urgent than ever and will continue to get worse until Congress takes action to reform its business model. Testifying before the Senate Homeland Security and Governmental Affairs Committee, Donahoe said the Postal Service will continue to take aggressive steps to increase revenue and reduce operating expenses but needs legislative changes from Congress to help return the Postal Service to long-term financial stability.
USPS ends Q1 with $1.3B loss, reports package growth, record efficiency
WASHINGTON — The U.S. Postal Service ended the first three months of its 2013 fiscal year (Oct. 1 – Dec. 31, 2012) with a net loss of $1.3 billion. Continued growth in Shipping and Package revenue (+4.7%) and increased efficiency helped mitigate but could not fully offset the financial effects of continued First-Class Mail volume declines and costs that are beyond Postal Service management control. As a result, the Postal Service recently announced it would move forward with accelerated cost-cutting actions necessary to help maintain liquidity because Congress has not passed comprehensive postal reform legislation.
USPS ends Q1 with $1.3B loss, reports package growth, record efficiency
WASHINGTON — The U.S. Postal Service ended the first three months of its 2013 fiscal year (Oct. 1 – Dec. 31, 2012) with a net loss of $1.3 billion. Continued growth in Shipping and Package revenue (+4.7%) and increased efficiency helped mitigate but could not fully offset the financial effects of continued First-Class Mail volume declines and costs that are beyond Postal Service management control. As a result, the Postal Service recently announced it would move forward with accelerated cost-cutting actions necessary to help maintain liquidity because Congress has not passed comprehensive postal reform legislation.
