Tag Archive | "patrick donahoe"

Some Hawaii Post Offices may reduce hours

Some Hawaii Post Offices may reduce hours

MEDIA RELEASE The U.S. Postal Service has announced a new strategy that could keep the nation’s smallest Post Offices open for business, while providing a framework to achieve significant cost savings as part of the plan to return the organization to financial stability. The plan would keep the existing Post Office in place, but with […]

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U.S. Postal Service second quarter loss at $2.2B

U.S. Postal Service second quarter loss at $2.2B

MEDIA RELEASE The U.S. Postal Service ended the second quarter of this fiscal year (Jan. 1 – March 31, 2011) with a net loss of $2.2 billion, compared to a net loss of $1.6 billion for the same period in FY 2010. Despite significant cost reductions and revenue growth initiatives, current financial projections indicate that […]

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