August 23, 2014 2:22 PM 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

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 Reports Earnings Results for the Third Quarter Ended June 30, 2014

United States Postal Service reported earnings results for the third quarter ended June 30, 2014. For the quarter, the company reported net loss of $2.0 billion, compared to a net loss of $740 million for the same period last year. Revenue continues to improve as a result of the Postal Service's January mail price increase, successful sales and marketing initiatives, and continued success in growing the package business. Total operating Revenues were $16.5 billion increased by $327 million, or 2.0%, compared to the same period last year.

United States Postal Service, Q3 2014 Earnings Call, Aug 11, 2014

United States Postal Service, Q3 2014 Earnings Call, Aug 11, 2014

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.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 18, 2013
Atlantic Street Post Office Building
 

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