Only "serious" cutbacks can save US Postal Service, says Issa
Only “serious” cost-cutting structural reforms can save the US Postal Service, said the Chairman of the US House of Representatives Oversight Committee, Darrell Issa, on Friday.
Read MoreTag: USPS
The week that was: 5 August 2011
Gloomy financial results from USPS and Poste Italiane while Deutsche Post DHL triples its profits, Australia Post agrees rural banking deal and New Zealand Post revises international services…
Read MoreUSPS dependent on Congress to avert impending doom
The US Postal Service saw a slight year-on-year reduction in its huge losses during the three months up to the end of June 2011, but it is still quickly running out of cash.
Read MoreUS to recruit mail carriers for terrorism response plans
US Postal Service volunteers are set to become part of anti-terrorism plans in five American cities, delivering medication in the event of an attack using biological agents like antrax.
Read MorePRC sets timetable for USPS closures request
The US Postal Regulatory Commission (PRC) has revealed its timetable for considering the US Postal Service’s request to close up to 3,650 post offices.
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