US Postal Service (USPS) has announced that – “excluding the effects of a $1.7 billion change in its workers’ compensation liability due to fluctuations in interest rates” – it posted a net loss of about $200m for the first quarter (Q1) of fiscal year 2017.
Read MoreThe US Postal Service (USPS) has issued a rebuttal to a blog posted on Townnall.com, which argued that USPS “should not be left out of the swamp draining”.
Read MoreThe United States Postal Service (USPS) has responded to claims made by the Taxpayer Protection Alliance regarding its management strategy and operation performance.
Read MoreAfter accounting for a $5.8 billion retiree health benefit prefunding obligation, the US Postal Service (USPS) reported a net loss of approximately $5.6bn for fiscal year 2016, compared to a $5.1bn net loss for FY 2015.
Read MoreU.S. Senator Tom Carper, the top Democrat on the Senate Homeland Security and Governmental Affairs Committee, has reiterated the need for Congress to act and pass much needed postal reform legislation, particularly in light of the expiration of the court-mandated emergency surcharge on U.S. Postal Service (USPS) rates.
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