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
Key Executives for United States Postal Service
United States Postal Service Key Developments
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 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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U.S. Postal Service, 17-Story Central Post Office Building on Kellogg Boulevard in Downtown St. Paul |
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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.
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