The Postal Service has reached a tentative five-year contract agreement with one of its largest unions, the National Association of Letter Carriers.
The last few contracts between the post office and letter carriers were settled by arbitration when the two sides could not reach agreement.
The new contract will be retroactive to last November, when the previous contract expired.
Postmaster General John E. Potter today told mailing industry representatives that the universal mail service their companies and the American public rely on will be in jeopardy, unless there is a fundamental restructuring of the legislative and regulatory framework within which the Postal Service must operate. But a blueprint for change is on the table – a Transformation Plan for the U.S. Postal Service. Submitted to Congress earlier this month, the plan offers recommendations for fundamental long-term legislative reform, while addressing more immediate steps the Postal Service can take to reduce costs and foster growth. Speaking here to more than 2,500 delegates attending the National Postal Forum, Potter emphasized that the plan is not solely about the needs of the Postal Service. ‘It’s about you and the nine million other people who work in the nation’s $900 billion mailing industry,’ he said. ‘It’s about connecting people — preserving a national universal mail service that connects 280 million people, 125 million households, and 10 million businesses.
Read MoreFor the second consecutive year, members of the National Small Shipments Traffic Conference (NASSTRAC) have selected three operating companies of FedEx Corporation (NYSE:FDX) to receive the organization’s Carrier of the Year award in their respective categories. Honored were FedEx Ground and the FedEx Freight operating companies Viking Freight and American Freightways. FedEx Corp. is rebranding the latter two operating companies as FedEx Freight beginning in June.
Read MoreBAX Global is scrapping its former heavyweight integrated air model in favor of a lower-cost, mode-neutral plan it hopes will put the company on a consistent and profitable track, something it hasn’t achieved in a long time.
Eighteen months into a three-year plan to shift the focus from its domestic airline to an army of lower-cost trucks to move customers’ high-priority, heavy-weight shipments, the Irvine, Calif.-based company is showing some signs of success.
Read MoreDeutsche Post World Net AG said it wants to strongly hike its US market share from the present level of 5 pct in the next three years and is interested in acquiring medium sized companies there.
Speaking in an interview with Boersen-Zeitung, chief financial officer Edgar Ernst said Deutsche Post is not interested in building up a full network in the US, similar to that of UPS.
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