Senator Carper Statement on USPS Financial Losses

Tuesday, May 10, 2016 WASHINGTON – Today, U.S. Senator Tom Carper (D-Del.), top Democrat on the Senate Homeland Security and Governmental Affairs Committee, released the following statement in response to the announcement that the U.S. Postal Service (USPS) reported a net loss of $2 billion in the second quarter of fiscal year 2016. This report…

 Continue reading

USPS financial results: Second-quarter revenue grew 4.7 percent

The Postal Service has reported operating revenue of $17.7 billion for fiscal 2016’s second quarter (Jan. 1-March 31, 2016), an increase of $788 million — or 4.7 percent — compared to the same period one year earlier. The increase was attributed to an 11.4 percent increase in package volumes and pricing strategies. “While we have…

 Continue reading

USPS, NRLCA sign new contract

Postal Service and National Rural Letter Carriers’ Association (NRLCA) leaders recently signed a new three-year labor contract that covers approximately 120,000 USPS employees represented by the union. The contract was signed by PMG Megan J. Brennan and NRLCA President Jeannette Dwyer at USPS headquarters in Washington, DC. It is the first negotiated agreement between the…

 Continue reading