May 25, 2013 7:08 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

Washington, DC 20260

United States

616,400 Employees

Phone:

202-268-2000

Fax:

202-268-3488

www.usps.gov

Key Executives for United States Postal Service

Chief Executive Officer
Age: 57
Chief Financial Officer and Executive Vice President
Age: 53
Chief Operating Officer and Executive Vice President
Age: 50
President of Digital Solutions
Age: 61
Chief Information Officer and Executive Vice President
Age: 54
Compensation as of Fiscal Year 2012.

United States Postal Service Key Developments

Postal Service Reports Earnings Results for the Second Quarter Ended March 31, 2013

Postal Service reported earnings results for the second quarter ended March 31, 2013. The company posted a net loss of $1.9 billion in the second quarter, which ended March 31, 2013, compared with a $1.3 billion loss in the previous quarter, when holiday shopping and heavy spending on political advertising during the 2012 election helped the agency. Over all, the company reported operating revenues of $16.3 billion in the second quarter, an increase of $121 million, or 0.7%, which it attributed to strong growth in e-commerce deliveries and a small increase in standard mail, also known as junk mail. It is the first increase in revenue for the agency in five years.

United States Postal Service, Q2 2013 Earnings Call, May 10, 2013

United States Postal Service, Q2 2013 Earnings Call, May 10, 2013

United States Postal Service to Consolidate Norfolk Operations in Sandston

United States Postal Service to close its mail processing operations in Norfolk this summer and consolidate those operations in its Sandston center in eastern Henrico County. That means 483 people in Norfolk will lose their positions. The consolidation is part of moves to reduce expenses, as mailing habits have changed and the use of first-class mail has fallen.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 28, 2013
U.S. Postal Service, 17-Story Central Post Office Building on Kellogg Boulevard in Downtown St. Paul
 

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