The week that was: 27 May 2011
TNT demerger confirmed, USPS hit by further slump in mail, and DP DHL expects “significant growth”…
Read MoreTag: Corbett
USPS future hangs in balance after $3.5bn loss revealed
The future of USPS is uncertain after the company ended Q3 of its fiscal year 2010 with a net loss of $3.5bn.
Read MoreUSPS loses another $1.9bn
USPS will post a six-month net loss of $1.9bn, said postmaster general John Potter, as he outlined cost-cutting plans.
Read MoreUSPS could face insolvency without Congress support
USPS could become insolvent if Congress doesn’t approve five-day mail delivery and change the way the agency funds its retiree health benefits, according to the agency’s top financial official, reports the Federal Times.
Read MoreUSPS posts Q1 loss of $297m
USPS ended the first-quarter of this fiscal year with a net loss of $297m, for the period ending 31 December 2009.
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