The U.S. Postal Service is entering a death spiral of declining revenue, rising expenses and rapidly escalating rates, attendees of the New England Mail Order Association Fall 2002 Conference were told yesterday. Jim O’Brien, director of distribution & postal affairs at Time Inc., New York, delivered the sobering thought at the postal reform session.
Read MoreThe US Postal Service is continuing its program of cost-cutting and is searching for new products to offer, Postmaster General John Potter said Friday. Potter said his agency is considering consolidating some of the approximately 300 mail processing centers across the country because improved efficiency and lower mail volume means some are underused.
Read MoreUnited Parcel Service Inc.’s annual sales in China doubled to about $200 million in the year after the world’s largest package-delivery company began its own flights to Beijing and Shanghai. The company started the flights to those cities in April 2001 and plans to increase the number of representative offices in China to at least 20 by the end of next year from five now, said company Chief Operating Officer Tom Weidemeyer in an interview.
Read MoreA year after the anthrax-by-mail crisis, the U.S. Postal Service has abandoned its plans of installing expensive electron-beam devices in many mail sorting facilities to zap harmful bacteria.
The agency says it has since shifted its goal toward finding hand-held devices that would allow postal carriers to detect harmful materials, much the way a Geiger counter detects radiation.
Read MoreNOL Announces New CEO For APL Logistics
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