The U.S. Postal Service said it would offer buyouts and early outs to the nation’s 21,000 postmasters.
The U.S. Postal Service announced a new plan that would allow many of the nation’s smallest post offices to remain open and still save the Postal Service billions of dollars.
The chairman of the Postal Service Board of Governors said that although Senate leaders “worked very hard” to create and pass a bill to reform the U.S. Postal Service, that bill nonetheless fails to address the new fiscal realities challenging the agency.
The sponsors of a recently passed Senate postal reform bill have asked the postmaster general to delay the scheduled closing of post offices and mail processing facilities until the legislation is signed into law.
The Senate on April 25 approved a bipartisan postal reform bill that its sponsors say will put the U.S. Postal Service on firmer financial footing.
A new report examining the financial straits of the U.S. Postal Service emphasizes the urgent need for Congress and the beleaguered organization to come up with a strategy for stemming ongoing USPS losses.
An audit has revealed that the U.S. Postal Service spent $717.5 million for unauthorized overtime during fiscal 2010 and fiscal 2011.
While the Postal Service claims creation of its own health insurance system will produce savings and provide better coverage, one expert maintains that the move could increase costs and endanger the existing health benefits program.
Two members of Congress say that a revenue and volume impact study that the U.S. Postal Service has been keeping under wraps reveals that USPS’s planned closures and service changes will cost the beleaguered agency billions of dollars in lost revenue.
A Virginia congressman is asking the Postal Regulatory Commission to release a study that reveals the impact of mail service cuts and downsizing efforts on U.S. Postal Service revenue.