Tag: USPS

The Treasury’s lending to the U.S. Postal Service dropped to zero in June from USD7.3 billion at the end of fiscal 2003 amid USPS restructuring.
In its June activity report, the Treasury’s Federal Financial Bank said its holdings of USPS debt dropped to nothing at the end of June from USD306.6 million a month earlier.
The debt holdings had been falling in previous months from their 2003 fiscal year-end level, which was down from USD11.1 billion a year earlier.
In congressional testimony on March 23, Postmaster General John Potter said legislation last year to reform the USPS retirement system, combined with cost reductions, helped the Postal Service boost income and slash debt.

The U.S Postal Service has signed a multi-year ordering agreement with Motorola for a new generation of Intelligent Mail(R) hand-held scanning devices. The scanners contribute to Postal Service efforts to give postal customers and postal operations end-to-end visibility of mail from processing to delivery. A major strategy in the Postal Service’s Transformation Plan – its blueprint for the future – calls for adding value to mail through technology.

The U.S. Postal Service has given authorization to online stamp vendor Stamps.com, Santa Monica, CA, to market test PhotoStamps, a new PC Postage product that lets customers create postage with their own designs, images and photographs.