BNET Industries
Last Fiscal Year Sales:$1.0B
- Private
- US
Dow Jones Description
Postmaster General John E. Potter, in testimony today before a House subcommittee, urged lawmakers to provide the Postal Service with greater flexibility with regard to mandated retiree health benefit payments. The Postal Service asked for no financial assistance from Congress. As a result of the economic recession, the Postal Service has predicted that mail volume will likely plunge to 180 billion pieces by the end of fiscal year 2009 (Sept. 31), from 212 billion pieces as recently as 2007. At the hearing, Potter described Postal Service actions to sustain long-term economic viability, including reductions in fixed, variable and non-personnel costs over the next three years. The $900-billion mailing industry employs 9 million Americans in businesses ranging from catalog sales to paper manufacturing and printing. The industry is the conduit for roughly $1 trillion in commerce annually, represents nearly 7.5 percent of the GDP and drives our nation's economy. The Postal Service is at the center of the mailing industry, playing an invaluable role in the United States economy and maintaining an economic presence in every community in America.
Number of Employees 25,000
Contact Information
2 Massachusetts Ave Ne
Washington, District of Columbia 20002-9997
1 202 268 4909
NAICS Code Local Messengers and Local Delivery: 492210
Recent Events
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Emptoris Awarded Contract From U.S. Postal Service for Sourcing Software
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Washington man sues Postal Service over firing
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UPS announces average rate increases of 4.9% for 2010
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Child Support Company Sued By U.S. Postal Service
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Media Advisory: U.S. Postal Service Unveils Mendez v. Westminster Stamp to Mark Historic Court Cases...
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FedEx extends home delivery service via the Postal Service to all retailers
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Post office outlet finds spot in city
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Mailers Fear New USPS Reform May be Needed
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Caspio Announces Enterprise Agreement with U.S. Postal Service
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About 2,700 have signed petition to save Lantana post office
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Alpine Air Signs $72 Million Contract With USPS
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Alpine Air Signs $72 Million Contract With USPS
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Alpine Air Express: Alpine Air Signs $72 Million Contract With USPS
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SHAPIRO: September brings busy days in Ashland
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Letters to the Editor
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Troux Awarded Contract by U.S. Postal Service for Enterprise Software
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Postal Service loses $865 million in July
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Hundreds of post offices may close, including one in Berkley
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Cockfights thrive as Tennessee traditionEvery state has banned cockfighting as a cruel blood sport.
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Alpine Air loses deal to deliver isle mail
News & Analysis
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commission and u.s. postal service - All News and Analysis
Commission to Announce Decision on Request to Increase Postage Rates
- 2007-02-22
To: POLITICAL EDITORSContact: Steven W. Williams of the Postal Regulatory Commission, +1-202-789-6800 WASHINGTON, Feb. 22 /PRNewswire-USNewswire/ -- The Postal Regulatory Commission will announce its Recommended Decision to the Board of Governors of the U.S. Postal Service at 11 AM, Monday, February 26, 2007 in its Hearing Room located at 901...
The Postal Rate Commission.(NEWS)
- 2005-12-01
THE POSTAL Rate Commission proposed to institute a 5.4 percent across-the-board postage rate increase. If enacted, the single-piece rate for a first class stamp will rise from 37 cents to 39 cents and post cards will go up from 23 cents to 24 cents. None of the...
Postal Service To Raise Price Of Stamps in '06
- 2005-11-14
The independent Postal Rate Commission approved a 5.4% rate hike for the U.S. Postal Service that will raise the price of a first-class stamp 2 cents to 39 cents. The PRC said the rate increase is expected to take effect in early 2006.It will be the first postage-rate hike since...
Postal Rate Commission to Announce Opinion and Recommended Decision Approving New Postage Rates at Nov.1 Press Conference
- 2005-10-31
News Advisory: On Tuesday, November 1, The Postal Rate Commission Will Announce its Opinion and Recommended Decision Approving New Postage Rates WHAT: The Postal Rate Commission entrusted by law with review of requested changes in the rates and fees of the U.S. Postal Service will host a Press conference formally...
National Association of Letter Carriers Union President Young Opposes Politicizing Postal Bargaining
- 2004-02-05
CHICAGO, Feb. 5 /U.S. Newswire/ -- Letter Carriers union President William H. Young today challenged several recommendations for postal reform by the President's Commission on the U.S. Postal Service, including one to significantly alter the existing process for resolving labor-management disputes a move he said would be both...
Prospects good for postal reform; President urges congress to move quickly; labor issues could be stumbling block.(News)
- 2004-01-19
Byline: CAROL KROL With President Bush's support, direct marketers and publishers may finally see postal reform legislation pass this year, after years of political wrangling. Advocates say failure to bring about postal reform could result in significant rate increases, an end...
U.S. Postal Service: Bold Action Needed to Continue Progress on Postal Transformation.
- 2003-12-01
GAO-04-108T November 5, 2003 Last year the President established a commission to examine the future of the U.S. Postal Service the Service. Its report, issued in July 2003, contained a proposed vision for the Service and recommendations to ensure the viability of postal services. GAO was asked to...
An unlikely symbol for the postal service: Armstrong is a champion; sponsor and spokesman have differing values
- 2003-08-18
He endured the flu, a crash, and the pressure of high expectations to win a record-tying fifth straight Tour de France this summer. His average speed was the fastest in Tour history. Lance Armstrong is simply the fastest human on two wheels. Armstrong even received a very special congratulatory...
Postal reform commission delivers final report.(News)
- 2003-08-11
Byline: CAROL KROL Mailing industry executives applauded the reform proposals contained in the final report of the President's Commission on the U.S. Postal Service, a nine-member bipartisan committee of private enterprise executives who spent eight months studying the problems plaguing the USPS. ...
Panel urges modernization for U.S. Postal Service
- 2003-08-01
WASHINGTON AP -- A presidential commission called for significant modernization of the Postal Service on Thursday, predicting a dire future without major changes. The commission said that without such changes the post office will have three choices: "dramatically roll back service, seek a rate increase of unprecedented scale,...
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