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Armstrong says Postal Service reaped financial benefits from sponsorship
Lance Armstrong’s legal team released studies on Friday conducted by the US Postal Service saying the US government sponsorship of his Tour de France team produced a triple return on investment. The documents were made public as the US government joined a lawsuit that claims Armstrong — who admitted to…
Watch live: U.S. postal service announces major changes
Postmaster General Patrick Donahoe makes an announcement on Postal Service operational restructuring. Watch live, broadcast on Feb. 6. Visit msnbc.com for breaking news, world news, and news about the economy Postal worker protester outside National Press Club in Washington D.C. (Flickr user Talk Radio News Service)…
U.S. Postal Service to cut Saturday delivery
The U.S. Postal Service is set to announce that it will discontinue Saturday mail delivery in a cost-saving measure that is expected to save the agency up to $2 billion per year. According to the Associated Press, package delivery will continue six days a week, but regular mail will be…
Postal Service losses tripled to $16 billion
The US Postal Service tripled its losses in 2012, bleeding $15.9 billion as the state-owned enterprise faces tough competition and what it calls onerous and unfair retirement funding requirements. The US mail said its losses rocketed in the year to September 30 from a $5.1 billion loss last year, with…
Sen. Sanders seeks to save Postal Service from a ‘death spiral’
With the U.S. Postal Service proposing to make draconian cuts to its workforce and services starting in mid-May, Senator Bernie Sanders (I-VT) has emerged as the leading opponent of any changes that would reduce the quality of service on which many Americans depend. The plan announced this week would involve…
Obama renews call to end Saturday mail delivery
WASHINGTON (Reuters) – President Barack Obama’s proposed 2013 budget repeated a call to allow the U.S. Postal Service to end Saturday mail delivery and tap into a retirement-fund surplus, as lawmakers hash out the details of postal legislation. The budget outline released on Monday included several steps to provide relief…
U.S. Postal Service seeks to end next-day mail
WASHINGTON (Reuters) – The cash-strapped U.S. Postal Service on Monday moved forward with plans to end next-day delivery of letters, postcards and other First Class mail. Also, in a notice filed with its regulator, it sought approval to close more than half of its 461 processing facilities that have been…
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