BNET Industries

U.S. Postal Service

is in the Business Services Industry

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

www.usps.com

1 202 268 4909

NAICS Code Local Messengers and Local Delivery: 492210

Recent Events

  • Soldier's mother sues over letter stamped 'deceased'

    12/02/09 - Lawsuit Filed - View Story

  • FedEx announces 2010 ground, home delivery rate increase

    12/04/09 - Financial Announcement - View Story

  • Emptoris Awarded Contract From U.S. Postal Service for Sourcing Software

    12/01/09 - Joint Venture / Alliance - View Story

  • Washington man sues Postal Service over firing

    11/24/09 - Lawsuit Filed - View Story

  • UPS announces average rate increases of 4.9% for 2010

    11/23/09 - Financial Announcement - View Story

  • Child Support Company Sued By U.S. Postal Service

    11/04/09 - Lawsuit Filed - View Story

  • Media Advisory: U.S. Postal Service Unveils Mendez v. Westminster Stamp to Mark Historic Court Cases...

    10/12/09 - Product Announcement - View Story

  • FedEx extends home delivery service via the Postal Service to all retailers

    10/07/09 - Joint Venture / Alliance - View Story

  • Post office outlet finds spot in city

    10/03/09 - Joint Venture / Alliance - View Story

  • Mailers Fear New USPS Reform May be Needed

    10/05/09 - Financial Announcement - View Story

  • Caspio Announces Enterprise Agreement with U.S. Postal Service

    9/24/09 - Joint Venture / Alliance - View Story

  • About 2,700 have signed petition to save Lantana post office

    9/20/09 - Planned Site Openings - View Story

  • Alpine Air Signs $72 Million Contract With USPS

    9/15/09 - Joint Venture / Alliance - View Story

  • Alpine Air Signs $72 Million Contract With USPS

    9/15/09 - Joint Venture / Alliance - View Story

  • Alpine Air Express: Alpine Air Signs $72 Million Contract With USPS

    9/15/09 - Joint Venture / Alliance - View Story

  • SHAPIRO: September brings busy days in Ashland

    9/11/09 - Lawsuit Filed - View Story

  • Letters to the Editor

    9/10/09 - Product Announcement - View Story

  • Troux Awarded Contract by U.S. Postal Service for Enterprise Software

    8/25/09 - Joint Venture / Alliance - View Story

  • Hundreds of post offices may close, including one in Berkley

    8/08/09 - Financial Announcement - View Story

  • Cockfights thrive as Tennessee traditionEvery state has banned cockfighting as a cruel blood sport.

    6/21/09 - Lawsuit Filed - View Story

News & Analysis

finance and u.s. postal service - All News and Analysis