The week that was: 20 November 2011
Rounding up the top stories in the mail and express industry during the last seven days, as reported by Post&Parcel…
Read MoreTag: USPS
Leadership reshuffle at USPS Board of Governors
The Board of Governors at the US Postal Service will have new leadership from next month, with the election of Thurgood Marshall Jr as chairman and Mickey D Barnett as vice chairman.
Read MoreUSPS "exigent" rate rise may take months to decide, regulators warn
US regulators said today that any move by the US Postal Service to seek an “exigent” increase in postal rates could take months to review.
Read MoreUSPS to run out of cash in 2012, even without federal payments
The US Postal Service looks set to run out of cash by October 2012, even if it refuses to pay its $11.1bn government obligation to prefund future healthcare benefits for its retirees.
Read MoreUSPS records $5.6bn loss, thanks to deferred healthcare payment
The US Postal Service released its financial results today for the full 2011 fiscal year, reporting a $5.6bn loss for the 12 months up to the end of September.
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