Posted on 2:47 am, Monday, May 14, 2012. Tags: patrick donahoe, post office, u.s. postal service
MEDIA RELEASE The U.S. Postal Service has announced a new strategy that could keep the nation’s smallest Post Offices open for business, while providing a framework to achieve significant cost savings as part of the plan to return the organization to financial stability. The plan would keep the existing Post Office in place, but with […]
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Posted in Business
Posted on 4:51 am, Thursday, May 12, 2011. Tags: patrick donahoe, u.s. postal service
MEDIA RELEASE The U.S. Postal Service ended the second quarter of this fiscal year (Jan. 1 – March 31, 2011) with a net loss of $2.2 billion, compared to a net loss of $1.6 billion for the same period in FY 2010. Despite significant cost reductions and revenue growth initiatives, current financial projections indicate that […]
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Posted in Business