USPS OIG: Use of Leased Fleet Trailers – Northeast Area

Background The U.S. Postal Service leases about 9,000 trailers nationwide for operations. It procures trailers to meet local transportation needs and assigns them to specific facilities. Each Postal Service area is responsible for trailer use and requirements. As of September 2014, 3,021 trailers were leased in the Northeast Area. Our objective was to assess the…

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USPS OIG: Curbing Workers’ Comp Abuses

August 10, 2015 Disability programs are vital for a nation that supports its citizens. In the United States, federal employees, including postal workers, who suffer employment-related injury or illness are entitled to workers’ compensation under the Federal Employees’ Compensation Act (FECA). The U.S. Postal Service funds workers’ compensation benefits for employees who sustain job-related injuries….

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USPS 3rd-quarter net loss reported, Shipping revenue continues to rise

The Postal Service has reported a net loss of $586 million during fiscal 2015’s third quarter (April 1-June 30) compared to a $2 billion loss during the same period one year earlier. Operating revenue for the quarter was $16.5 billion, essentially unchanged from a year ago. Meanwhile, although First-Class Mail volumes fell 2.6 percent and…

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USPS reports $586 million net loss in Q3

Press Release – August 10, 2015 • Operating revenue of $16.5 billion is level with the same quarter last year • Shipping and package revenue increase of 10.6 percent • Productivity improvements continue, somewhat offsetting inflationary cost pressures WASHINGTON — The U.S. Postal Service reported a net loss of $586 million for the third quarter…

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