June 14, 2010
June 12, 2010
Statement From Sen. Thomas Carper On Nomination of Dennis Toner To USPS Board Of Governors : PostalReporter News Blog
Statement From Sen. Thomas Carper On Nomination of Dennis Toner To USPS Board Of Governors : PostalReporter News Blog: "Mr. Toner is no stranger to those of us who worked with him during his many years of service in Vice President Biden’s Senate office. I’m pleased that he is willing to now put in the time and effort necessary to help steer the Postal Service out of the difficulties it currently finds itself in."
June 10, 2010
National Envelope Company Bankruptcy
Courier, Express, and Postal Observer: National Envelope Company BankruptcyThe Wall Street Journal reported that the National Envelope Company, the largest envelope manufacturer in the United States filed for bankruptcy today. The bankruptcy filing indicated that the company had between $100 and $500 million in both assets and liabilities. The company is family owned.
National Envelope Company is unlikely to cease operations under bankruptcy. The bankruptcy proceeding will allow it to renegotiate existing contracts with employees and vendors, renegotiate terms of loans, and renegotiate or terminate real estate leases that could not be completed outside of bankruptcy.
National Envelope Company is unlikely to cease operations under bankruptcy. The bankruptcy proceeding will allow it to renegotiate existing contracts with employees and vendors, renegotiate terms of loans, and renegotiate or terminate real estate leases that could not be completed outside of bankruptcy.
May 18, 2010
USPS Issues New Butterfly Stamp For Irregular Shaped Greeting Cards : PostalReporter News Blog
USPS Issues New Butterfly Stamp For Irregular Shaped Greeting Cards : PostalReporter News BlogThe U.S. Postal Service today announced the first in a new series of postage stamps that will make it easier for card customers to know how much postage to put on their envelopes. The new 64-cent Butterfly stamp is designed to be used on cards that have an irregular shape that require additional postage
May 03, 2010
USPS OIG: Should the Postal Service request financial relief from the $6.8 billion FERS surplus?
USPS OIG » Blog Archive » Should the Postal Service request financial relief from the $6.8 billion FERS surplus?: "During fiscal year 2009, the Postal Service contributed $3 billion to FERS or 11.2 percent of the salaries for FERS employees. As of September 30, 2009, the Postal Service reported a fully funded FERS pension plan that exceeds liabilities by $6.8 billion."
April 30, 2010
OIG Audit Report On USPS Overtime Workhours : PostalReporter News Blog
OIG Audit Report On USPS Overtime Workhours : PostalReporter News BlogThis report presents the results of our self-initiated audit of Postal Service Function 4 Overtime Workhours (Project Number 09RG009MS000). Our objective was to determine whether Postal Service officials effectively managed Function 4 workhours to reduce overtime costs. This audit addresses financial and operational risk.
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