Just in Time for the Holidays, More Financial Losses Reported from the U.S. Postal Service

shenry2024-05-16T22:28:45+00:00Washington - Today, the U.S. Postal Service (USPS) released its financial results detailing a loss of $5.1 billion for the 2015 fiscal year. As a continuation of the Postal Service’s financial meltdown, this year marks its ninth consecutive year-end loss of more than a billion dollars.

U.S. Postal Service Needs Principled Leadership and Accountable Oversight

shenry2024-05-16T22:29:47+00:00With more than $52 billion in mounting financial debt since 2007, a number of services that fail to cover product costs and service standards in rapid decline, the United States Postal Service (USPS) is in trouble and the future of dependable mail delivery is in...

Troubled Postal Service Continues to Hemorrhage Money According to Latest Quarterly Report

shenry2024-05-16T22:27:43+00:00In a case of unsurprising déjà vu, the United States Postal Service (USPS) posted another quarterly loss. According to the 2015 third quarter financial report, USPS was $586 million in the red for the 3-month period ending on June 30.  This loss adds to the...