In his annual state of the business address to the mailing industry, USPS postmaster general John E. Potter outlined a roadmap for recovery and reaffirmed the Postal Service’s focus on adapting to changing customer needs and a changing marketplace.
Read MoreThe United States and Cuba will today [17 September] discuss the possible resumption of a long-suspended direct postal service, reports Reuters.
Read MoreInformation Technology Company Computer Sciences Corp. said it received a contract worth $46 million from the U.S. Postal Service.
Read MoreAccording to the unaudited numbers released by the USPS, the agency faces a net loss of $2.67bn year-to-date, reports DM News.
Read MoreThe Governors of the US Postal Service voted November 14 to accept the Postal Rate Commission’s recommendation to increase most rates and fees by approximately 5.4 percent. This price increase – the first since 2002 – is needed to fulfill a federal law passed in 2003 that requires the Postal Service to place USD.1 billion in an escrow account by October 1, 2006. Without this federal mandate, it would not have been necessary to raise prices in 2006. Among the adjustments, the 1 ounce single-piece rate for First-Class Mail will increase from 37 cents to 39 cents, and the postcard rate will increase by one cent, to 24 cents. The Board of Governors set Sunday, January 8, 2006, as the effective date for the new rates and fees.
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