Tag: USPS

USPS sued over slow priority mail

The U.S. Postal Service falsely advertises its Priority Mail service as faster than less expensive first-class mail for some deliveries, a lawsuit says. Consumers Daniel Foote and John Foote, who sued in U.S. District Court in Los Angeles, claim the Postal Service doesn’t provide any kind of “meaningful expedited delivery” of Priority Mail weighing less than 13 ounces for distances less than 300 miles away. The suit seeks a court order barring the Postal Service from advertising priority treatment as long as the results are similar to first-class mail.

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USPS fiscal year 2003

Revenue, pieces, and weight by classes of mail and special services for government fiscal year 2003 compared with government fiscal year 2002

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Delivery services used by online shippers in US

The latest data from Forrester research, conducted in a poll of 12,000 online buyers earlier this year, showed UPS still has a commanding lead with online buyers, with 57 percent of online buyers overall followed by USPS with 23 percent of online shoppers and FedEx a distant third with only 7 percent.

Breaking it down further, 57 percent of men and 53 percent of women report primarily using UPS. BizRate.com’s research shows that men are less concerned with the lowest price and more concerned with the on-time delivery of packages. Some of the difference in delivery service used is also due to differences in the types of goods purchased online by the two genders, said Forrester researcher Chris Kelley. Kelley said different online sites use different delivery options.

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United States Postal Service has $3.9bn surplus

The Postal Service reported a $3.9 billion surplus for 2003 despite declining mail volume, and officials renewed their pledge to keep rates steady until 2006.

The agency had suffered losses the previous two years as mail volume dwindled in the wake of the terror attacks, the anthrax scare and the weak economy. That led to a rate increase last year to the current 37 cents for first-class mail.

The post office was $676 million in the red last year and lost $1.7 billion the year before.

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US Postal Service reports surplus, rates should stay steady until 2006

The US Postal Service finished 2003 with a USD3.9 billion surplus, which will help keep postal rates where they are until 2006, postal officials said Tuesday. The bottom line was USD300 million better than had been expected for the 2003 fiscal year, which ended in September. Nearly all of the surplus was used to reduce the agency’s outstanding debt. The results will enable the Post Office to “help keep the commitment to hold the current rates stable through 2006,” Postmaster General John Potter told the agency’s board of governors. Chief financial officer Richard Strasser said the results were achieved despite a decline in first-class mail and noted that the Post Office had been able to make significant savings through a reduction in staff and other cost-cutting.

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