Moving to block massive losses as costs rise and business slips, the Postal Service is freezing hundreds of new construction and leasing projects across the country.
Read MoreThe postal service now faces uncertainty in the form of increased
competition, lower first-class mail volume, and increased labor costs. A new report from the General Accounting Office, Major Management Challenges and Program Risks, outlines the key issue of whether the USPS is headed for financial problems as a result of these challenges and evaluates whether or not they will prevent it from fulfilling its mission of providing universal postal service while remaining self-supporting
INSpire Insurance Solutions named Pitney Bowes Inc. to provide a mail system solution for its customers. The solution, an integrated mail system that will be installed in the company’s Fort Worth mail center, will speed delivery of time-sensitive insurance documents, increase cash flow, providing better service to INSpire’s clients and customers.
Read MoreFedEx Corp. said earnings slid five percent in the third quarter, and warned that “market conditions have deteriorated” more than was expected just a few months ago.
Read MoreDHL Worldwide Express is setting up an airline in the United Kingdom. According to Terry Nord, DHL’s global network transportation director, the move is being driven by increased customer demand and will help the company “maintain our position as having the most advanced air express fleet in the world”.
Read MoreProfits at FedEx fell 5 per cent in the fiscal third quarter as demand for express package-delivery services slumped amid a broad slowdown in the US economy
Read MoreTHE Post Office was last night facing claims that almost a million letters
go missing every week.
Revealing the astonishing figure, the Post Office watchdog demanded major
improvements in service.
The Post Office plans to turn last year’s net deficit of 264 mln stg
into a profit of 300 mln stg within three years, the Financial Times
reported citing Post Office chief executive John Roberts
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