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

Company News

Recent Events

AT&T Government Solutions awarded USD120m four-year contract extension by US Postal Service

12/11/09 - Joint Venture / Alliance - View Story
RELM Shares Surge on Getting Up To $750 Million Federal Contract

12/08/09 - Joint Venture / Alliance - View Story
Soldier's mother sues over letter stamped 'deceased'

12/02/09 - Lawsuit Filed - View Story
FedEx issues cautious 3Q forecast following results

12/17/09 - 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
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

News & Analysis