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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AT&T Government Solutions awarded USD120m four-year contract extension by US Postal Service
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RELM Shares Surge on Getting Up To $750 Million Federal Contract
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Soldier's mother sues over letter stamped 'deceased'
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FedEx issues cautious 3Q forecast following results
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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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Troux Awarded Contract by U.S. Postal Service for Enterprise Software
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Hundreds of post offices may close, including one in Berkley
News & Analysis
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financial and u.s. postal service - All News and Analysis
Postal Service Celebrates National Consumer Protection Week
- 2008-03-03
To: NATIONAL EDITORS Contact: Betsy Adeboyejo of the U.S. Postal Service, O +1-202- 268-2832, C +1-202-664-2234, betsy.m.adeboyejo@usps.gov; or Doug Bem, of the U.S. Postal Inspection Service, O +1-202-268-4326, DABem@uspis.gov Postal Officials Warn Consumers About 'Fake Checks,' Identity Theft WASHINGTON, March 3 /PRNewswire-USNewswire/ --- Postal Service executives are marking National...
Strong Fourth Quarter Financial Results.
- 2007-01-04
M2 PRESSWIRE-4 January 2007-News Flash: Strong Fourth Quarter Financial ResultsC1994-2007 M2 COMMUNICATIONS LTD RDATE:04012007 Kitty Hawk, Inc., (AMEX:KHK) through its subsidiaries, provides air freight services in the United States and Canada. Visit company's web site @ www.kittyhawkcompanies.com Share...
Delivering evidence: not just the mail; The FBI and state attorneys general usually get the credit for ferreting out financial fraud. But there's an elite unit that doesn't get much notice--and they work for the U.S. Postal Service.(fraud)(U.S. Postal Ins
- 2006-12-01
Editor's note: Forensic investigations have been elevated in importance by recent corporate scandals. Writer Paul Sweeney recently visited the U.S. Postal Inspection Service to find out more about how it successfully rooted out financial fraud like t Editor's note: Forensic investigations have been elevated in ...
Lockheed Martin Receives Contract to Continue Address Recognition Improvements and Raytheon's Proven RAPID Solution Supports.
- 2005-11-15
M2 PRESSWIRE-15 November 2005-US Financial Network: Lockheed Martin Receives Contract to Continue Address Recognition Improvements and Raytheon's Proven RAPID Solution SupportsC1994-2005 M2 COMMUNICATIONS LTD RDATE:15112005 City of Industry, CA - Defense industry news provided by Financial News USA (OTC: FNWU)...
Honeywell helps U.S. Postal Service with energy savings and PG&E Nuclear Station in California ramped up to 95 percent of capacity.
- 2005-01-10
M2 PRESSWIRE-10 January 2005-FNWU: Honeywell helps U.S. Postal Service with energy savings and PG&E Nuclear Station in California ramped up to 95 percent of capacityC1994-2005 M2 COMMUNICATIONS LTD RDATE:01102005 City of Industry, CA - Energy industry news provided by Financial News...
Conservative Financial Planning Pays Off for Allentown, Pa.-Area Manufacturer.
- 2003-08-15
By Dan Shope, The Morning Call, Allentown, Pa. Knight Ridder/Tribune Business News Aug. 15--A conservative approach to handling money has paid off in three consecutive profitable ...uarters at Paragon Technologies, the Forks Township company said Thursday. The company makes...
U.S. Postal Service: Key Postal Transformation Issues.
- 2003-06-01
GAO-03-812T May 29, 2003 The President established this Commission to examine the state of the U.S. Postal Service the Service and submit a report by July 31, 2003, with a proposed future vision for the Service and recommendations to ensure the viability of postal services. GAO has provided...
Major Management Challenges and Program Risks: U.S. Postal Service.
- 2003-02-01
GAO-03-118 January 1, 2003 In the 2001 Performance and Accountability report on the U.S. Postal Service the Service, GAO identified financial, operational, and human capital challenges threatening the Service's ability to carry out its mission. Since then, these challenges have continued and its financial difficulties have increased, resulting...
U.S. Postal Service Actions to Improve Its Financial Reporting.
- 2002-12-01
GAO-03-26R November 13, 2002 Over the past 2 years, we have been raising concerns and have made recommendations regarding the lack of sufficient and timely periodic information on the U.S. Postal Service's financial condition and outlook available to the public between publications of its audited year-end financial statements....
CAGW Decries Postal Rate Hike As 'Good Money After Bad'
- 2002-03-22
WASHINGTON, March 22 /U.S. Newswire/ -- Citizens Against Government Waste CAGW Vice President Leslie K. Paige released the following statement today in response to the U.S. Postal Service's latest rate hike: "The Postal Rate Commission's decision today to recommend an average 7.7 percent postal rate increase is a Band-Aid on...
Industry Transcripts by Seeking Alpha
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Accenture Ltd. F1Q10 (Qtr End 11/30/09) Earnings Call Transcript
on Dec 17, 2009about ACN
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SAIC, Inc. F3Q10 (Qtr End 10/31/09) Earnings Call Transcript
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Casella Waste Systems Inc. F2Q10 (Qtr End 10/31/09) Earnings Call Transcript
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