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12:19 am, September 20, 2014

USPS News

Postal Service beefs up financial monitoring

Sarbanes Oxley Act of 2002 requires federal agencies to adhere to more stringent financial reporting criteria, and the USPS goes even beyond that. We get details from the USPS's Linda Libician-Welch.

Monday - 01/24/2011, 10:08am EST
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USPS Postmaster: delivery day must be cut

The first step USPS plans to make to address its financial crisis is reduce operating costs by reducing its workforce. Postmaster Patrick Donahoe gives us some details about what comes after that.

Friday - 01/21/2011, 09:31am EST
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Downsizing, Relocations, Benefit Reductions Up Next?

If you want a preview of coming attractions in your own agency, check out what is happening in the giant US Postal Service. It is looking at a major cutback of administrative personnel, consolidating post offices and relocating employees, not to mention possible pay and benefit changes. Senior Correspondent Mike Causey says you could be next.

Wednesday - 01/19/2011, 04:00am EST

USPS shrinks workforce, changes pension

Patrick Donahoe became the 73rd Postmaster General Friday, assuming control of the Postal Service in the midst of a fiscal crisis. Donahoe said USPS will reduce its workforce by another 7,500 people in 2011. Still, he's optimistic about the future. In the short term, however, the reality is that postal workers are likely to suffer while the agency tries to balance its books.

Monday - 01/17/2011, 07:03am EST
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Former Postmaster Potter reviews 32-year career

Best of interview with John Potter.

Thursday - 12/30/2010, 10:18am EST
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OIG: sustainability at USPS is possible

Prefunding USPS pension plans, says the Postal Service, is breaking them. Lorie Nelson, with the USPS OIG, has some surprising findings.

Thursday - 12/16/2010, 10:08am EST
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GAO reports on how to rightsize the Postal Service

The recession and changes in the use of mail as transactions and messages go more and more electronic. How can the USPS keep up? The GAO's Phil Herr has details.

Friday - 12/10/2010, 10:41am EST
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USPS Inspector General follows the money

The USPS OIG has completed a new report to determined if contracting officers issued letters to contracting officer's representatives detailing their responsibilities and limitations and if invoices were properly certified. To explain what the means for us is the Postal Service's Judy Leonhardt.

Thursday - 12/09/2010, 10:08am EST
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Postal service needs big regulatory changes to survive, experts say

Congress, unions, new Postmaster General all agree current payment structure for retirees is killing chances of USPS survival.

Monday - 12/06/2010, 05:01pm EST

Outgoing Postmaster General shares advice for USPS

Outgoing Postmaster General John Potter joins the Federal Drive for an in depth exit interview.

Tuesday - 11/30/2010, 08:08am EST
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More USPS red ink to lead to bloodletting

The U.S. Postal Service has promised one approach to shrinking its continuing losses: Keep cutting jobs. Postal's 2011 financial plan calls for elimination of 50 million work hours, or about 25,000 jobs.

Monday - 11/15/2010, 07:05am EST

Getting USPS back to black

If the OIG's proposals were placed in effect, the Postal Service could potentially recover $142.4 billion. Details from USPS's Lorie Nelson.

Wednesday - 10/13/2010, 10:41am EDT
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Connolly: Congress must address USPS problems

Learn more about what Rep. Gerry Connolly (D-VA) thinks Congress can do to help the U.S. Postal Service.

Monday - 10/11/2010, 10:08am EDT
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Reusable Materials Help Post Office Meet Green Goals

The U.S. Postal Service is now the only mailing and shipping company worldwide that provides packaging supplies that are "Cradle to Cradle Certified." This means that all 175 materials used by its 58 suppliers to make stamps and stamped products have been assessed, and meet requirements for, their impact on human and environmental health, recyclability and compostability.

The Postal Service says in 2009 it provided one billion eco-friendly mailing and shipping supplies to customers.

Technology used to create biodegradable or recyclable materials have allowed the agency's sustainability initiatives to cut greenhouse gas production and to save money and resources. Specific achievements include a 10.8 trillion dollar reduction in British Thermal Units in energy use at their facilities since 2005, and $400 million dollars worth of savings in energy costs since 2007.

Wednesday - 10/06/2010, 01:00pm EDT

USPS is saving green by being green

With a large national presence and more than 33,000 facilities, the Postal Service takes steps daily to minimize its environmental impact. We learn more from USPS's Jennifer Beiro-Reveille.

Wednesday - 10/06/2010, 10:08am EDT
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USPS searches for break even point

How much mail would the USPS have to handle to turn a profit? We get an update about a recent study from Renee Sheehy, an economist with the Office of the Inspector General at the Postal Service

Tuesday - 10/05/2010, 10:31am EDT
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Cybersecurity and telework make an interesting team

Tight security measures both tighten the leashes of executives, while driving them out of the office.

Monday - 10/04/2010, 11:30am EDT

USPS puts green on the road

The first electric vehicle joined the Postal Service fleet in 1899, more than 100 years ago, after proving to be more efficient than a horse and buggy. USPS's Sam Pulcrano tells us how that tradition carries on today.

Monday - 10/04/2010, 09:08am EDT
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USPS seeks innovative, legislative relief for financial woes

The Postal Service is reeling from the decision by the Postal Rate Commission not to increase the price to mail a letter. USPS was hoping to use the rate hike to help close the $7 billion deficit it faces this year. The service continues to face reduced volume, more people using the Internet and legal barriers to changing key parts of its business mode.

Monday - 10/04/2010, 06:39am EDT
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What if the Postal Service runs out of money?

The financially collapsing USPS must pay $5.5 billion each year to prefund its retiree health benefits. There is no penalty if USPS doesn't pay, Washington Post reports. But as the nation's second largest employer, if USPS can't make the $5.5 billion payment, who can?

Wednesday - 09/29/2010, 03:34pm EDT
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