U.S. Postal Service facing $2B deficit
The U.S. Postal Service is facing a multibillion dollar deficit this year, its management said, and is saddled with outmoded rules that leave it unable to compete with private delivery companies.
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U.S. Postal Service to Introduce E-Identity Validation
A new service to provide individuals with identity validation for the purpose of
obtaining electronic signature digital certificates will begin a
nationwide rollout in two weeks, the U.S. Postal Service announced
here Wednesday.
Post Office threatens to quit licence negotiations
The Post Office has rejected a draft licence published by its new regulator and raised the prospect of its withdrawal from licence negotiations before the legal deadline in three weeks’ time.
In a strong response to the draft licence, the Post Office accuses Graham Corbett, the regulator, of seeking to diminish confidence in the postal service and to undermine its uniform national pricing system.
Postal rate increases could kill small magazines, association warns
Rate increases being considered by the U.S. Postal Service could put many
small periodicals out of business, according to a trade association for the
magazine industry
POSTAL SERVICE ASKS WHITE HOUSE FOR AID
The Postal Service’s board of governors, facing a $2
billion operating loss for fiscal year 2001, asked the White House for help
in overhauling the country’s postal laws in an effort to head off losses.
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