USPS Retreats From Dire Financial Forecast 6.25.2020 – Linn’s Stamp News reports: “Package volume had soared as much as 80 percent ahead of levels a year ago, much to the amazement of postal officials, but more recently has been around 60 percent, according to Stephen Kearney, executive director of the Alliance of Nonprofit Mailers. Financial officials at USPS headquarters at L’Enfant Plaza in Washington, D.C., now expect mail volumes to remain 20 percent to 25 percent below pre-coronavirus levels, Kearney said.” – USPS finds surprising financial upside in pandemic – Comments (Count) |
USPS gets new leader as it deals with big financial concerns 6.15.2020 – MarketPlace reports: “North Carolina businessman Louis DeJoy is scheduled to take over as the new head of the U.S. Postal Service Monday. It’s a job that has come under a lot of political scrutiny, especially now that more people may be voting by mail due to COVID-19. There are also big financial concerns: The Postal Service had an $11 billion shortfall last year, and says it could be worse this year because of COVID-19.” – CNN: USPS Faces Challenges as New Postmaster Takes Over – Trump ally takes over crisis-ridden Postal Service – Linn’s: New PMG Takes Office June 15 – Louis Dejoy self-made billionaire – Logistics Expert – Philanthropist – Comments (Count) |
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