• WASHINGTON (CNNMoney) - The U.S. Postal Service's financial struggles continued into 2012, as the agency reported a $5.2 billion loss for the three months ended June 30 despite improved revenue from shipping and packaging. (wtvr.com)
  • And the health care funding mandate, a $5.5 billion tab that was due to the federal government on Aug. 1 -but did not get paid - continued to drag on the Postal Service's balance sheets. (wtvr.com)
  • Revenues from First-Class Mail, the Postal Service's largest and most profitable product, declined 6% from the previous fiscal year to $32 billion. (cnn.com)
  • Both rely on the Postal Service's unique position to take advantage of the 3D printing trend. (brookings.edu)
  • That figure certainly represents a boost to the Postal Service's efforts to develop a new business model that is sustainable in the long-term. (brookings.edu)
  • It could also close a portion of the Postal Service's deficit without laying off more workers or raising the price of stamps. (brookings.edu)
  • Frederic V. Rolando , president of the National Association of Letter Carriers, said Congress can remedy the Postal Service's financial situation by transferring money it has overpaid to the Civil Service Retirement Fund since 1971. (washingtonpost.com)
  • Federated identity is a hot topic among relying parties and identity providers and one of the most anticipated pilots will be the U.S. Postal Service's work with the Federal Cloud Credential Exchange (FCCX, pronounced F-Six). (secureidnews.com)
  • Postal Service's requirement. (indeed.com)
  • Like wreaths and garlands decorating your favorite retail store, the U.S. Postal Service's holiday ads let you know the holiday season has officially started. (uspsoig.gov)
  • Phase III is slated to begin in 2017, with the objective of creating 897 postal outlets by 2022. (wikipedia.org)
  • At a time of massive growth in postal shipments from China due to e-commerce, the investigators found that the postal system received the electronic data on just over a third of all international packages, making more than 300 million packages in 2017 much harder to screen. (therepublic.com)
  • But nearly 80% of the losses in fiscal 2012 are due to the law requiring that the service prepay retiree healthcare benefits. (wtvr.com)
  • The Postal Service said its losses would have been roughly $10.6 billion if not for the passage of legislation postponing a $5.5 billion payment required to fund retiree health benefits. (cnn.com)
  • The Postal Service 'is encumbered with an outdated operating structure and debilitating labor contracts, while being saddled with expensive, mandated over-payments into government retiree funds,' the Coalition said in a statement, claiming that 8 million private sector jobs rely on the Postal Service. (cnn.com)
  • Another Republican amendment would ease the burden of a massive annual payment the Postal Service must make to prefund retiree health benefits. (reuters.com)
  • The postal service was initially run by the British, but in 1775, America's Continental Congress voted to establish its own postal system, with Benjamin Franklin as its first postmaster general. (faqs.org)
  • The service defaulted on that payment and will default on another $5.6 billion payment due Sept. 30, unless Congress steps in. (wtvr.com)
  • We remain confident that Congress will do its part to help put the Postal Service on a path to financial stability," said Postmaster General and CEO Patrick Donahoe in a statement. (wtvr.com)
  • If Congress doesn't act, the Postal Service could start to run out of cash for a few weeks in October and again next spring. (wtvr.com)
  • The Postal Service isn't waiting for Congress to cut some costs. (wtvr.com)
  • The Postal Service can become profitable again if Congress passes comprehensive legislation to provide us with a more flexible business model so we can respond better to a changing marketplace,' Donahoe said. (cnn.com)
  • Depleting it means the Postal Service likely will go broke at the end of fiscal 2011 unless Congress takes action, officials said Friday. (washingtonpost.com)
  • The Postal Service nearly defaulted on the $5.5 billion payment in September, but Congress at the last minute extended the deadline until mid-November. (reuters.com)
  • The U.S. Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: The agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless Congress takes emergency action to stabilize its finances. (mercurynews.com)
  • Last week, a Senate panel passed a cost-cutting deal that buys out some employees and cuts worker compensation benefits for some retirees but maintains Saturday mail service for at least two more years. (cnn.com)
  • NEW YORK (CNNMoney) -- The U.S. Postal Service released its annual financial results on Tuesday, and they're nothing to write home about. (cnn.com)
  • Phase II of the rehabilitation project involves the construction of 718 postal outlets from 2014 to 2016. (wikipedia.org)
  • This monopoly has come under fire, especially as the Postal Service has posted severe financial losses and raised rates as a result of the increasing cost of employee benefits. (conservapedia.com)
  • The service said declining volume in the type of mail that most Americans use and a congressional mandate to prefund retirement health care benefits continued to cause deep losses. (wtvr.com)
  • But the Postal Service also reported 9% growth in revenue from shipping and packaging, which brought in an extra $3.3 billion - although that was not enough to offset other losses. (wtvr.com)
  • The Coalition for a 21st Century Postal Service, a mailing industry group, said Tuesday that the agency's losses highlight the need for further action by the government. (cnn.com)
  • Outgoing Postmaster General John E. Potter said last month that he anticipated at least $6 billion in annual losses, but cautioned the number would likely go higher once the mail service tallied its workers' compensation contributions. (washingtonpost.com)
  • The Postal Service wants to cut costs by closing nearly 3,700 facilities in the U.S. and replacing existing government health care and retirement plans . (cnn.com)
  • According to Francis, a primary flaw with privately insuring the postal service is the potential cost a "postal service widow" who does not receive Medicare benefits would incur as a result of the change in coverage. (cnsnews.com)
  • Labor represents 80 percent of the agency's expenses, compared with 53 percent at United Parcel Service and 32 percent at FedEx, its two biggest private competitors. (mercurynews.com)
  • With package delivery a growing part of the business, it's no surprise the U.S. Postal Service has focused efforts on improving tracking and visibility for parcel services. (uspsoig.gov)
  • Six months after passage of the bill, the Postal Service would be able to ask its regulators for permission to stop Saturday delivery. (reuters.com)
  • The list of indicators/questionnaires and the definitions (Glossary) were agreed in cooperation with the European Postal Regulators in the project group "Assistance and development of EU statistics" of the European Committee for Postal Regulation (CERP). (europa.eu)
  • We are seeking safe, punctual and courteous drivers who value the security of our postal contracts. (indeed.com)
  • The U.S. Postal Service manages about 30,000 contract actions (awards and modifications), and spends roughly $13 billion on contracts annually. (uspsoig.gov)
  • The Postal Service used the loss announcement as an opportunity to push its plan to stem the bleeding, which includes cutting Saturday service, consolidating postal processing plants and addressing the mandate to prefund health care retirement benefits. (wtvr.com)
  • Sub Pop Records held auditions in 2002 to fill out the rest of Postal Service. (funnyordie.com)
  • The next major overhaul to the postal system occurred on August 12, 1970, when President Richard Nixon signed the Postal Reorganization Act. (faqs.org)
  • WASHINGTON (Reuters) - Lawmakers on Thursday advanced legislation to overhaul the financially strapped U.S. Postal Service but removed a plan to immediately give the agency authority to stop Saturday mail delivery. (reuters.com)
  • The House of Representatives Committee on Oversight and Government Reform voted to send Chairman Darrell Issa's postal overhaul bill to the full House, with changes. (reuters.com)
  • The Postal Service lost more than $3 billion in the third quarter last year and has struggled with falling mail volumes as Americans turn to email and pay bills online. (reuters.com)
  • They have also rehabilitated the GPO in Mogadishu, with an initial staff of 25 postal workers ready to handle the mail again. (wikipedia.org)
  • A new study of postal workers in Scotland suggests we should aim for far more than the 10,000 daily steps commonly recommended. (nytimes.com)
  • All federal agencies and the Postal Service, a quasi-federal outfit, have workers' compensation obligations to help fund four major disability compensation programs . (washingtonpost.com)
  • This internal transfer would not involve a dime of taxpayer money, nor -- unlike other proposals -- would it entail cuts in service to American customers or layoffs of American workers during a recession," Rolando said in a statement. (washingtonpost.com)
  • Postal workers also receive more generous health benefits than most other federal employees. (mercurynews.com)
  • Francis said the withdrawal of postal workers from the FEHP program would have a detrimental effect on the other federal workers who depend on FEHP for their health insurance. (cnsnews.com)
  • The cash-strapped U.S. Postal Service delivered more bad news Friday, announcing it lost $8.5 billion in the fiscal year that ended in September. (washingtonpost.com)
  • In fiscal year 2014, the Postal Service earned more than $317 million from political mail. (uspsoig.gov)
  • The first official postal service emerged in 1639, when Richard Fairbanks' Boston tavern became the repository of all mail sent from abroad. (faqs.org)
  • In October 2014, the Ministry of Posts and Telecommunications also relaunched postal delivery from abroad. (wikipedia.org)
  • Then there's the possibility of trimming a day of service, a suggestion Potter threatened earlier this year might be necessary someday soon. (washingtonpost.com)
  • The United States Postal Service featured the tune in its holiday ad campaign this year. (nytimes.com)
  • The service also offered retirement incentives to mail handlers and postmasters and now expects 7,000 employees to retire by the end of the year. (wtvr.com)
  • Democrats had criticized the plan as anti-labor, and lawmakers from both parties have said ending Saturday mail - which the Postal Service has said could save about $3 billion per year - would disproportionately hurt rural communities. (reuters.com)
  • The amendment from Representative James Lankford would allow the Postal Service to pay $1 billion this year and make up the rest of the payment in later years. (reuters.com)
  • The indicator gives the average of the year number of people employed in postal and related services within the economic territory of the country of reference. (europa.eu)
  • We anticipate up to six government agencies with citizen-facing services to utilize the service within the pilot year," says Reid. (secureidnews.com)
  • There are tens of thousands of 80-year-old widows, postal service widows … The premium cost for one of those widows to join [Medicare] parts A and B right now under current law in the Social Security Act is over $8,000 a year - that's what it would cost to mandate that that widow leave the postal plan she's now in and sign up for [Medicare] A and B," said Francis. (cnsnews.com)
  • The U.S. Postal Service said it has made dramatic progress in the last year in total packages with opioids seized by U.S. Customs and Border Protection. (therepublic.com)
  • The service has also cut more than 10,000 city carrier routes in the last several years, saving about $100,000 per route and the eliminating the need for some vehicles. (washingtonpost.com)
  • US Postal Service offers reward after mail carrier robbed at. (click2houston.com)
  • The government has been working on ways to save the Postal Service over the past few months as it continues to hemorrhage money. (cnn.com)
  • Could 3D Printing Save the Postal Service? (brookings.edu)
  • Yes, many people are saying as the U.S. Postal Service is desperate to streamline its operations and save money. (cnsnews.com)
  • The act of allowing these services to take place initially started as a need for the Ethiopian people to communicate on a nationwide scale. (wikipedia.org)
  • Its creation was specifically authorized by the Constitution and it has the ability (through the Postal Regulatory Commission ) to regulate the provision of all mail services in the US. (conservapedia.com)
  • Postmaster General and CEO Patrick Donahoe said in the statement that the Postal Service must reduce its annual costs by $20 billion by the end of 2015 to return to profitability. (cnn.com)
  • Friday's meeting of the Postal Service Board of Governors was Potter's last as postmaster general. (washingtonpost.com)
  • In the meantime, the move to FCCX makes sense for the Postal Service as it creates a unique opportunity to expand to the digital realm in a way that places the agency at the forefront of a new identity ecosystem, perhaps cementing the agency's relevance for years to come. (secureidnews.com)
  • While I commend Mr. Donahoe for his commitment to implement cost cutting measures, the financial status of the postal service remains untenable," said Oversight Committee Chairman Dennis Ross (R-Fla. (cnsnews.com)
  • The continuing and inevitable electronic migration of First-Class Mail, which provides approximately 49 percent of our revenue, underscores the need to streamline our infrastructure and make changes to our business model,' Postal Service CFO Joe Corbett said in a statement accompanying the figures. (cnn.com)
  • Unfortunately, I wish I could say we've hit bottom, but we haven't yet," Potter told reporters at the start of this week's National Postal Forum , a mailing industry convention. (washingtonpost.com)
  • I will always bleed postal blue," Potter joked in his remarks to the board. (washingtonpost.com)
  • Believe me, there is no one better-versed or accomplished in postal operations than Pat," Potter said of his successor, adding later, "It's not going to be an easy road, but we have the right man. (washingtonpost.com)
  • With the introduction of the airplane in the early 1900s, the Postal Service could for the first time deliver mail quickly and affordably across the oceans. (faqs.org)
  • At a time when the number of people using "snail mail" is diminishing and the cost of delivery is now 49 cents per stamp in the U.S., it seems quite likely that the remaining postal customers will have to pay for sure-to-come higher costs in owning and operating this next fleet of vehicles over the coming years, pointing to potential hikes in the price of stamps, concludes SAFE. (newsmax.com)
  • The Postal Service also announced Friday that it plans to deplete its $15 billion line of credit with the U.S. Treasury by borrowing the remaining $3.5 billion available. (washingtonpost.com)
  • The U.S Postal Service is now on the verge of unveiling its new fleet of delivery vehicles - which will cost more than $2 billion. (newsmax.com)
  • The Postal Service shall have as its basic function the obligation to provide postal services to bind the Nation together through the personal, educational, literary, and business correspondence of the people. (wikipedia.org)
  • It was designed to make the service run more like a business and less like a government agency. (faqs.org)
  • But it takes a trusted business to offer this service. (washingtonpost.com)
  • As if the migration to e-mail and e-commerce wasn't bad enough, the collapse of the housing and financial sectors have made the Postal Service fall faster and farther. (washingtonpost.com)
  • Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. (cnn.com)
  • And the U.S. Postal Service seems to follow that maxim, using performance indicators and other types of measurements to improve performance in many aspects of its operations. (uspsoig.gov)
  • The US postal service could team up with Adobe to make special software for the service. (washingtonpost.com)
  • The project aims to create a hardware and software solution that will make it possible for citizens to access services on numerous government web sites using externally issued digital credentials brokered through the platform. (secureidnews.com)
  • The United States Citizenship and Immigration Services agency is allowing applicants whose renewal permits were rejected because of mail delays to resubmit their paperwork. (nytimes.com)
  • We will continue to take actions under our control to improve operational efficiency and generate revenue by offering new products and services to meet our customers' changing needs. (wtvr.com)
  • The indicator gives the number of physical facilities, including letter boxes provided for the public either on the public highway or at the premises of the providers of postal and related services, where postal items may be deposited by customers for processing in postal and related services. (europa.eu)
  • These guys are embracing the status quo and the status quo has been shown to put them through the wringer," Ken Blackwell, former Ohio state treasurer and advisor to SAFE, told me, "and the worst part is that the postal customers are going to be stuck with the tab. (newsmax.com)
  • Ethiopian Postal Service (Ethio Postal) is the national postal service of Ethiopia. (wikipedia.org)
  • The Somali Postal Service (Somali Post) is the national postal service of Somalia. (wikipedia.org)
  • Concurrently, the Somali Transitional Federal Government began preparations to revive the national postal service. (wikipedia.org)
  • Mediated by the UPU Director General Bishar A. Hussein, the agreement represented the first step in the Information Ministry's plan to relaunch the national postal service. (wikipedia.org)
  • Additionally, the government appointed an official postal consultant to provide professional advice on the renovations. (wikipedia.org)
  • The government has been working on ways to rescue the ailing Postal Service, which reported a massive loss on Tuesday. (cnn.com)
  • The exchange is a pilot project designed to enable more efficient and secure credentialing of citizens visiting federal government web sites," explains Darleen Reid, senior public relations representative for Postal Service. (secureidnews.com)
  • The goal for the exchange is to relieve government agencies from managing independent username and password systems to authenticate citizens to government services. (secureidnews.com)
  • In early 1991, the Somali Postal Service had 100 post offices, with a total staff of between 1,665 to 2,165 personnel. (wikipedia.org)
  • Phase I will see the reconstruction of the postal headquarters and General Post Office (GPO), as well as the establishment of 16 branch offices in the capital and 17 in regional bases. (wikipedia.org)
  • The Indian postal service is using its offices to deliver holy water from the Ganges River, which is usually collected after a barefoot pilgrimage. (nytimes.com)
  • The United States Postal Service operates post offices in Oakland Park, including the Oakland Park Post Office at 3350 NE 12th Avenue, the Fort Lauderdale Main Post Office at 1900 West Oakland Park Boulevard, the North Andrews Annex at 3400 North Andrews Avenue (closed), and the North Ridge Annex at 4350 North Andrews Avenue (closed). (wikipedia.org)
  • I hate to see the US postal service be eliminated by private sector businesses who offer this service for a higher cost and with weak security. (washingtonpost.com)
  • Why would the Postal Service deliver its rivals' packages? (uspsoig.gov)
  • The Act replaced the old Post Office Department with the U.S. Postal Service. (faqs.org)
  • The Postal Service will continue to work tirelessly to address this serious societal issue," spokesman David Partenheimer said in a statement. (therepublic.com)
  • WASHINGTON - China said Thursday it is ready to work with the United States in fighting illicit opioid shipments after congressional investigators found that Chinese opioid manufacturers exploit weak screening in the U.S. Postal Service to ship large quantities of illegal drugs to American dealers. (therepublic.com)
  • Rep. John Lynch (D-Mass.) raised a potential concern of a lack of choice for postal employees in selecting a health insurance plan that is best for them. (cnsnews.com)