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12:33 am, December 23, 2014

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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: Joe Corbett , budget , workforce , In Depth , Francis Rose

Friday - 02/24/2012, 08:38pm EST
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USPS to shutter, consolidate more than half of mail-processing centers

The U.S. Postal Service recommends cutting its network of mail-processing centers in half, capping a five-month review of its facilities as part of a plan to restore it to financial stability. Of 264 facilities examined, 223 will be consolidated or closed. USPS officials projects the closures will affect 30,000 full-time employees.

Tags: budget , workforce , Darrell Issa , Tom Carper

Thursday - 02/23/2012, 04:47pm EST

Carper: USPS can take page from auto industry in fixing finances

Sen. Tom Carper (D-Del.), chairman of the Senate Homeland Security and Governmental Affairs subcommittee on federal financial management, told In Depth with Francis Rose the comparison between the Postal Service and Detroit auto-makers may seem "unlikely." But the plan that turned around the bailed-out auto industry could prevent having to bail out the Postal Service in the first place.

Tags: Congress , Senate , Tom Carper , budget , In Depth , Francis Rose , Ben Cardin , Barbara Mikulski

Wednesday - 02/22/2012, 09:15pm EST
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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: Joe Corbett , pay and benefits , FEHBP , Patrick Donahoe

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

Post office: $18B loss without cuts, rate increase

In a letter to Congress, Postmaster General Patrick Donahoe described an updated five-year cost-cutting plan put together in coordination with Wall Street adviser Evercore Partners Inc.

Tags: Patrick Donahoe , Congress

Friday - 02/17/2012, 07:53am EST
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Air Force, USPS team up to grab cyber crook

A hacker had stolen the credit card information of more the 16,000 users of the Army and Air Force Exchange Service website.

Tags: cybersecurity , Cybersecurity Update , Air Force , DoD

Wednesday - 02/15/2012, 08:33am 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: Joe Corbett , Patrick Donahoe , financial management , Congress , Darrell Issa , Emily Kopp , budget

Thursday - 02/09/2012, 02:12pm EST
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Cool Jobs: The Mural Preservationist

Dallan Wordekemper, federal preservation officer with the Postal Service, restores New Deal-era murals at U.S. post offices across the country.

Tags: Dallan Wordekemper , Cool Jobs in Government

Wednesday - 02/08/2012, 08:29am EST

Postal Service offers reduced rate on commercial mailing

This week, Postal Service introduced "2nd Ounce Free" pricing for businesses mailing First-Class Mail automation, presort letters.

Tags: postal service , mail , Michael OConnell

Wednesday - 01/25/2012, 12:48pm EST

Postal Service, unions reach impasse in labor talks

Labor talks failed this weekend between the Postal Service and two postal unions the National Association of Letter Carriers and the National Postal Handlers Union.

Tags: National Association of Letter Carriers , National Postal Mail Handlers Union , pay and benefits , workforce , union , arbitration

Monday - 01/23/2012, 09:07am EST
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