Shipping and package services are a key business driver. However, operating margins in this business are lower than in mailing services, Joseph Corbett, the Postal Services chief financial officer, said in a statement. And, while were pleased to see a small increase in controllable income, to i
Date: May 08, 2015
Category: Business
Source: Google
US Postal Service logs $2 billion loss, despite price hikes
The USPS has defaulted on three previous payments to its retirees health benefits fund and CFO Joseph Corbett said on Monday that the agency will not be able to cover the $5.7 billion tab it is required to pay into the fund by the end of September.
"Due to continued losses and low levels of liquidity, we've been extremely conservative with our capital, spending only what is deemed essential to maintain existing infrastructure," said Joseph Corbett, the Postal Service's chief financial officer.
lues with his own innovations, Jimi Hendrix helped found three new genres of music heavy metal, jazz fusion and funk and in doing so, left behind an indelible mark on pop music and popular culture generally, chief financial officer and executive vice president of the USPS Joseph Corbett said in
Our liquidity continues to be a major concern and underscores the need for passage of legislation that gives the Postal Service a more flexible business model to improve its cash flow, Joseph Corbett, the Postal Services chief financial officer, said in a statement.
Date: Nov 15, 2012
Category: Business
Source: Google
Post office reports record loss of $15.9B for year
Joseph Corbett, chief financial officer for the Postal Service, said the mail agency expects to operate for the first half of next year with about four days of cash reserves, a low amount which he described as unheard of for any well-run business. Cash levels dipped perilously close to zero last mon
The pallbearers were to include Mrs. Daleys brothers Francis Corbett, James Corbett and Joseph Corbett; brothers-in-law Michael Daley, William Daley and John Daley; and sons-in-law Sean Conroy and Sam Hotchkiss.
Date: Nov 28, 2011
Category: U.S.
Source: Google
Broke Postal Service Continues Race Toward Obsolescence
ail volume has dropped more than 20 percent in the past five years, mainly due to the dreaded email, and the USPS estimates that number will increase by six percent next year. Chief financial officer Joseph Corbett said that revenue is expected to decline to $64 billion in 2012, from $65.7 billion i