July 31, 2014 5:26 AM ET

Air Freight and Logistics

Company Overview of United States Postal Service

Company Overview

United States Postal Service is a independent government agency that is overseen by a board of nine governors appointed by the president. The United States Postal Service is responsible for delivering about 40% of the world's mail. The United States Postal Service holds a monopoly over the delivery of nonurgent letters.

475 L'Enfant Plaza SW

Washington, DC 20260-0546

United States

Founded in 1775

491,017 Employees

Phone:

202-268-2000

Fax:

202-268-3488

Key Executives for United States Postal Service

Chief Executive Officer
Age: 59
Chief Postal Inspector
Chief Financial Officer and Executive Vice President
Age: 55
Chief Operating Officer and Executive Vice President
Age: 52
President of Digital Solutions
Age: 63
Compensation as of Fiscal Year 2014.

United States Postal Service Key Developments

United States Postal Service Announces Closing of Roanoke Mail Center in 2014

Roanoke will lose its mail processing facility and an estimated 400 jobs under a plan announced by the U.S. Postal Service that would move the operations to Greensboro, North Carolina, as soon as January. The facility on Rutherford Avenue serves much of the western end of Virginia. Union leaders say the move will foolishly diminish service by the already struggling Postal Service, while others are concerned the move puts Roanoke businesses at a competitive disadvantage. The Roanoke facility is one of 82 targeted for 'consolidation' in what the Postal Service in a statement called 'network rationalization activities' that will save the post office $750 million a year.

U.S. Postal Service Announces to Close Mail-Processing Facility

U.S. Postal Service announced that it is expected to announce more details in the coming weeks on its plans, first announced in 2012, to shut down four mail processing facilities in Wisconsin and consolidate those operations at other centers. The closures will include the shuttering of a processing center in Rothschild, near Wausau. Work will shift to a processing center in Green Bay. The Rothschild center, which processes nearly all mail in central Wisconsin, employs 163 workers and is expected to close in 2015. Other centers to close are in Eau Claire, La Crosse and Madison.

United States Postal Service Not Planning To Sell Downtown Post Office

United States Postal Service is not planning to sell downtown post office. The same day a city Board voted to make a $7 million offer to buy the downtown post office when the United States Postal Service announced that the building is not for sale. Arlene A. Sanchez, spokeswoman for the postal service said, “After further review, the Postal Service has decided to retain the Fort Worth, TX, Downtown Station for Postal operations. The retail operation will not be impacted. Relocation of this operation will not be required. At this time the property will not be marketed for sale.” A few hours earlier, Lancaster Tax Increment Reinvestment Board voted unanimously to make an offer to buy the downtown post office. Councilman Jungus Jordan, chairman of the tax increment Board said that the Board members had ‘no clue’ that the Postal Service had decided not to sell. The news report stated that Arlene A. Sanchez did not responded to questions about why and when the Postal Service decided not to sell. In a letter dated June 9, 2014, to Fort Worth Mayor Betsy Price from Tom A. Samra, Vice President of facilities for the Postal Services, Tom A. Samra said, “After further review, based on our supplemental analysis of the business and other factors, the Postal Service has changed its strategy for the Downtown Station and will now retain the facility for Postal Service operations, including customer retail services.” The Tarrant Appraisal District valued the land in 2013 at $3.53 million and the building at $2.65 million.

Similar Private Companies By Industry

Company Name Region
7M Transport, Inc. United States
Transtar Logistics, LLC United States
Carmichael International Service United States
Averitt Express, Inc. United States
Brock, LLC United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 18, 2013
Atlantic Street Post Office Building
Merger/Acquisition
August 16, 2013
York City Post Office Building
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact United States Postal Service, please visit www.usps.gov. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.