Postal Service Reports Second Quarter Loss of $707 Million; Economic Slowdown Cited

Despite cost-cutting measures, the U.S. Postal Service ended the second quarter with a net loss of $707 million, driven by a continued decline in mail volume resulting from the current national economic climate. Meanwhile, the on-time delivery of First-Class Mail continued at record levels in the second quarter.  The second quarter results were presented during […]

USPS To Begin GPS Vehicle Tracking Project

Tampa, Fl. – May 2, 2008 – GPS Fleet Solutions today announced an agreement with the US Postal Service to begin a GPS vehicle tracking project. Harold Gardner, Vice President of Sales, stated this 500 unit pilot is to be installed in greater Chicagoland. Key expectations from this project include improved route efficiency, driver safety, […]

FTB Limits TSP Interfund Transfer Requests

From the Federal Register The Federal Retirement Thrift Investment Board (Agency) amends its interfund transfer (IFT) regulations to limit the number of interfund transfer requests to two per calendar month. After a participant has made two interfund transfers in a calendar month, the participant may make additional interfund transfers only into the Government Securities Investment […]

USPS Board of Governors to Meet May 6-7, 2008

WASHINGTON, DC — The Board of Governors of the U.S. Postal Service will meet in Washington, DC, at Postal Service Headquarters, 475 L’Enfant Plaza, SW, on May 6-7, 2008. The public is welcome to observe the Board’s open session, scheduled to begin at 8:30 a.m. on May 7 in the Ben Franklin Room on the […]

District Manager Named For USPS Albuquerque District

“Matthew B. Lopez, a 30-year postal career employee, has been named District Manager for the U.S. Postal Service’s Albuquerque District.  Lopez formerly served as Postmaster for the City of Albuquerque, since his appointment to that job in August 2006. ” “In 1978, Lopez started his postal career as a distribution clerk in Houston, TX.  He later […]

House Committee Holds Hearing To Examine Postal Nonmailable Tobacco

“The House Subcommittee on Federal Workforce, Postal Service and the District of Columbia will hold a hearing entitled “Eliminating Smoke and Mirrors in the Mail.” The hearing will be held on Thursday, April 24, 2008, at 2:00 p.m., in room 2154 of the Rayburn House Office Building. The hearing will examine Postal Cooperative Mail and […]