Tag: USA

With one month left to report for the fiscal year that ended Sept. 30, the U.S. Postal Service yesterday announced net income of USD2.8 billion, or USD656.6 million over budget, for Oct. 1 2003 to Aug. 31 2004. USPS fiscal and operating statements showed that revenue totaled USD63.1 billion, 0.2 percent less than planned. Expenses of USD60.3 billion were 1.3 percent under the planned budget, but up 2.1 percent versus the year-ago period. Total year-to-date mail volume of 188.3 billion pieces increased 1.7 percent from a year ago. Standard and International mail grew 5.6 percent and 4.0 percent, respectively. But most classes saw declines. Express Mail fell 3.2 percent; Periodicals, 3.1 percent; Priority Mail, 1.8 percent; First-Class, 1.4 percent; and Package Services, 0.8 percent.

A group of technology and telecommunications heavyweights led by Lockheed Martin Corp has won a potential three billion dollar contract from the US Postal Service to revamp its vast data communication networks, Lockheed Martin said Monday.

The deal requires the Lockheed team to provide managed network services across the entire US Postal Service, covering more than 37,000 locations.

“The UCC program enables the US Postal Service to procure all network and telecommunication services via one supplier, which will deliver significant efficiencies and reduce overall operational costs for processing and delivering the mail,” Judy Marks, president of Lockheed Martin’s Distribution Technologies business, said in a statement.