The Postal Service intends to use $10 billion in retirement fund overpayments to set up a health benefit account for its more than 800,000 employees, the Postal Service’s chief financial officer said.
Richard Strasser said the money would lay the foundation for a health benefit retirement program estimated to cost more than $40 billion.
Read MoreSpring, the world’s largest independent provider of international mail services, has named a new president in the United States. The reorganisation became necessary after David Walker, formerly president and CEO, returned to the United Kingdom to accept a position with Royal Mail Group plc, one of three shareholder companies of Spring. Paul Tessy, formerly the U.S. vice president of Sales, Commercial and Client Services, has been appointed president, with responsibility for the Spring business in the United States, Latin America and the Caribbean.
Read MoreUPS has announced Fujitsu Technology Solutions, Inc. has expanded its relationship with UPS Supply Chain Solutions. The UPS business unit now will serve as Fujitsu’s “one source” provider of post-sales services in North America, supplanting multiple vendors.
UPS Supply Chain Solutions will provide central parts distribution, returns management and parts planning services for Fujitsu® PRIMEPOWER servers and other products.
Read MoreLatin American Logistics and Cargo Transport – The Quiet Giant
Read MoreThe U.S. Postal Service plans to request a postage rate increase of at least 10 percent in October 2004. The Federal Times reported Wednesday that Deputy Postmaster General John Nolan told an audience Tuesday at the National Postal Forum in Kansas City that the Postal Service will apply for the rate increase, which likely would take effect a year later in October 2005.
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