bnv.fnr.search/tags;tile=1;pos=top;sz=728x90;ord=
12:51 pm, September 30, 2014

Search Result

Search Tags:  Joe Corbett

Even as postal losses shrink, USPS continues call for agency overhaul

The U.S. Postal Service announced Friday its quarterly losses fell sharply in the first quarter of fiscal 2014, boosted by revenue growth in package delivery and agency cost-cutting. Still, the agency's $354 million loss for the quarter ending Dec. 31, marked the 19th of the last 21 quarters that USPS posted a loss.

Tags: USPS , postal reform , Pat Donahoe , Jack Moore

Friday - 02/07/2014, 12:45pm EST

Post office posts $1.9 billion second quarter loss

The U.S. Postal Service said Friday it lost $1.9 billion over the last three months and warned that losses would continue to mount without help from Congress. The loss for the financial quarter ending March 31 was narrower than a $3.2 billion loss for the same period last year, thanks to slightly higher revenues and lower payments towards health benefits for workers who will retire in the future.

Tags: USPS , Pat Donahoe ,

Friday - 05/10/2013, 03:10pm EDT

Postal Service lost $1.3 billion over quarter

Tags: USPS , Pat Donahoe ,

Friday - 02/08/2013, 06:56pm EST

Postal Service pension surplus shrinks as Donahoe renews call for legislation

Surplus payments the Postal Service made to the Federal Employee Retirement System are much smaller than once thought. Last year, the surplus was estimated to be $11.4 billion. But because of a reduction in projected long-term interest rates, OPM estimated the surplus would drop to $2.6 billion. SPS had wanted to use those overpayments to pay down some of its debts

Tags: USPS , budget , Congress , Patrick Donahoe , Jack Moore , postal reform

Thursday - 11/15/2012, 08:40pm EST
Listen

USPS says piecemeal approach to cost-savings plan won't do

The Postal Service's revamped five-year business plan, which is aimed at putting the troubled agency on firmer financial ground, is made up of a number of elements. But Joe Corbett, the USPS chief financial officer, said that all of the changes the agency recommends need to be taken up in order to restore the Postal Service to financial stability.

Tags: USPS , budget , workforce , In Depth , Francis Rose

Friday - 02/24/2012, 08:38pm EST
Listen

Postal Service plan proposes own health plan, workforce cuts

The Postal Service's strategic five-year plan proposes cutting the workforce by 155,000 by 2016 and creating its own health benefit program for employees and retirees to return to financial stability.

Tags: pay and benefits , USPS , FEHBP , Patrick Donahoe

Friday - 02/17/2012, 10:27am EST

Postal Service posts $3.3B loss for the quarter

The Postal Service said large losses would continue until the agency can trim its workforce, close some facilities, and restructure its healthcare program. The Postal Service posted a total loss of $5.1 billion in fiscal 2011.

Tags: USPS , Patrick Donahoe , financial management , Congress , Darrell Issa , Emily Kopp , budget

Thursday - 02/09/2012, 02:12pm EST
Listen

Postal Service may not be able to pay 2011 bills

Despite cutting 100,000 jobs over the past two years, CFO Joe Corbett tells Federal News Radio the USPS may not be able to stay liquid much past the next year.

Tags: Federal Drive , USPS , CFO , management , Suzanne Kubota

Friday - 08/06/2010, 09:07am EDT
Listen