Tag: USPS

Siemens Diematic, the logistics technology division of engineering giant Siemens, said Tuesday it has won a USD127 million (€113 million) contract to supply letter sorting technology to the US Postal Service (USPS).

The contract covers the supply of an automated tray handling system to complement the sorting machines already supplied by Diematic to USPS, Siemens said in a statement.

RGC Communications and the United States Postal Service have announced the formation of their partnership for the continuation and development of the next generation of NetPost Mailing Online. Mailing Online, the Postal Service’s first online printing and mailing service, offers businesses, approved non-profit organizations and consumers alike the ability to easily create and send post cards and letters at discounted postage rates. Over 10,000 people have used the service since its inception.

Michael J. Critelli, chairman and CEO of Pitney Bowes Inc, stated that in the future, the mail stream would provide higher value to business, while becoming more affordable, accessible, information-rich and secure.

During a presentation hosted by the Prudential Equity Group, Critelli also cited a recent report by the bi-partisan commission on the U.S. Postal Service established by President Bush that “validates Pitney Bowes’ vision about the on-going importance of mail in American life and commerce, and the application of technology to make it even more valuable in the future.”

The Postal Service expects to end this fiscal year $4.2 billion in the black, allowing it to pay off a substantial amount of debt.

Chief Financial Officer Richard Strasser said the financial plan is to reduce debt by $3.8 billion this year to $7.3 billion.