Postal Service could save $400 million on cheap gas

By Andy Medici – May 11, 2015 The Postal Service has saved about $200 million so far this fiscal year as gas prices remain lower than expected, according to the agency. Joseph Corbett, the chief financial officer at the Postal Service, said in a conference call with reporters May 8 that if the low gas…

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Will The US Postal Service Turn Profitable With A $10 Billion Investment?

The US Postal Service posted another loss of $1.96 billion in the third quarter. CFO Joseph Corbett said the agency needed $10 billion to upgrade infrastructure and replace aging fleet The US Postal Service’s CFO, Joseph Corbett, stated that the agency required an investment of up to $10 billion to continue providing competitive services. The…

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