Tag: USPS

Committee approves Collins-Carper postal reform legislation

Posted by | Jun 22, 2005 | |

The Senate Homeland Security and Governmental Affairs Committee today approved postal reform legislation introduced by Senators Susan Collins and Tom Carper. The Collins-Carper Postal Accountability And Enhancement Act represents the first major overhaul of the USPS since 1970. Their legislation will strengthen the USPS, which is the linchpin of a USD900 billion mailing industry that employs more than 9 million people nationwide. Senator Collins is the Chairman and Senator Carper is a member of the Senate Homeland Security and Governmental Affairs Committee, which has jurisdiction over the USPS. The Committee today approved the postal reform legislation by a vote of 15 to 1. It must now be considered by the Senate.

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USPS Financials, revenue and mail volume up

Posted by | Jun 21, 2005 | |

For the USPS’s fiscal 2005 year to date (Oct. 1, 2004, through May 31, 2005), total revenue was USD47.3 billion, which was USD1.1 billion better than planned budget. Total expenses of USD45.5 billion was USD221.4 million under plan. There was also good news on the volume front. Total year-to-date mail volume was up 3.0%. Broken down by class, First-Class volume was up 0.2%, Standard Mail was up 6.1%, Priority Mail was up 4.2%, Express Mail was up 1.6%, Periodicals was up 0.1%, Package Services was up 2.2%, and International was down 0.4%.

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The USPS engages Servigistics to transform service parts operations

Posted by | Jun 13, 2005 | |

Award-Winning Service Parts Management Solution Selected to Reduce Inventory, Maintain High Service Levels and Achieve Service Network Visibility for Nation’s Postal Service

Servigistics, the leading provider of service parts management solutions, announced today that The United States Postal Service (“USPS”) will implement the Servigistics solution to manage its nationwide service parts network, as part of the company’s new Enhanced Spare Parts Initiative (“eSPIN Initiative”).

With more than USD350 million in service parts inventory supporting approximately 500 field stocking locations around the country, the USPS is replacing its first-generation service parts planning software with the Servigisitcs Service Parts Management Solution to maintain its high rate of mail processing equipment uptime, critical for the movement of postal mail product, while reducing excess inventory, increasing inventory turns, lowering costs and improving visibility across its service parts network.

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US Postal Service (USPS) gaining momentum in the B2C parcel market

Posted by | Jun 9, 2005 | |

The USPS often is overlooked as a competitive threat to UPS, but with 22% of the domestic ground package market, we believe it’s a force to be watched, especially given that the USPS is growing its parcel volumes once again, after a few years of decline. We should remember that the USPS is the low-price leader in many markets and so its improved service is putting pressure on UPS’s pricing in those lanes in which it competes, namely light-weight B2C. We believe the re-energized USPS management is attempting to find new ways to bemore efficient and to this end we believe it will be more aggressive in re-pricing its $1billion annual contract with FDX for providing the air line-haul for the USPS’s Priority Mail and Express Mail shipments. While we see potential margin pressure for FDX, the contract doesn’t expire until 2008 and thus we don’t see any near-term disappointment.

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US Postal Service warns it may drop AuthentiDate postmark if revenue doesn’t rise

Posted by | May 31, 2005 | |

AuthentiDate Holding Corp. has received notice from the US Postal Service that AuthentiDate’s Electronic Postmark service failed to meet necessary revenue standards between February and April 2005. A strategic alliance agreement between AuthentiDate and the Postal Service names the Schenectady company as the preferred provider of the USPS Electronic Postmark (EPM) service. When the agreement was signed, in August 2002, the parties agreed on certain performance standards, but sales have fallen short. The parties have been discussing a new arrangement since last year, but have been unable to agree on new performance standards. In a letter dated May 23, the Postal Service said it is willing to discuss any plans AuthentiDate may have to improve the EPM system’s revenue, but that it intends to exercise its right to terminate the agreement if AuthentiDate is unable to cure the default.

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