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US Postal Service sees net loss of $5.7B for the last nine months

THIRD QUARTER FINANCIALS
REVENUE FROM SHIPPING SERVICES INCREASES
The Postal Service ended its third quarter of fiscal year 2011 with a net loss of $3.1 billion, compared to a net loss of $3.5 billion for the same period in FY 2010. Total mail volume declined to 39.8 billion pieces for the quarter, compared to 40.9 billion pieces in the third quarter of FY 2010.

Net losses for the nine months ending June 30 amount to $5.7 billion in 2011 compared to $5.4 billion in 2010.

Even with significant cost reductions and revenue growth initiatives, current financial projections indicate the Postal Service will have a cash shortfall and will have reached its statutory borrowing limit by the end of the fiscal year. Absent substantial legislative change, USPS will be forced to default on payments to the federal government.

Despite an overall dire financial situation, the Postal Service reports increased revenue for the quarter in certain areas. Standard Mail revenue increased 1.7 percent in the third quarter, and Package Services revenue increased 3.2 percent. Revenue from Shipping Services, including Express Mail and Priority Mail, increased 7.3 percent for the quarter.

Information appeared in the August 26th issue of  PCC Insider, an industry specific, US Postal Service electronic newsletter.

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Postal Solutions is the nation’s leader in the collegiate mail management industry, for both on- and off-campus mail management services. For more information regarding assistance with outsourcing your collegiate mail management needs, please call us today at (866) 378-8157 or visit us online at www.uspostalsolutions.com to save your student rental community or university money.

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Post Offices Pegged for Closure

By JENNIFER LEVITZ
 
Some 3,653 post offices, mostly in small communities, are targeted for possible closure this year under a plan expected to be released by the U.S. Postal Service on Tuesday.

The post offices, on a list that that will be made public Tuesday by Postmaster General Patrick Donahoe, were chosen because they get the “least amount of foot traffic and retail sales” and because there may be local businesses that could provide some postal services to the community, said agency spokeswoman Sue Brennan.

See a list of post offices the U.S. Postal Service said it was closing starting at the end of 2010.

“Most of them are in smaller communities, but not all of them,” she said, adding that the post offices, about 11% of the total, are spread across the nation.

Moves to close post offices are often unpopular, since many people see them as connecting rural areas and small towns to the rest of the nation. Doctors on the South Dakota plains deliver medicine through post offices, while towns in rural Kentucky and Iowa and elsewhere rely on their post offices as local gathering spots. The postal agency already has closed 100 post offices since January, prompting uproar in many of the affected communities.

Continued, link to article: http://online.wsj.com/article/SB10001424053111903999904576467921947248738.html?mod=e2tw

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Postal Solutions is the nation’s leader in the collegiate mail management industry, for both on- and off-campus mail management services. For more information regarding assistance with outsourcing your collegiate mail management needs, please call us today at (866) 378-8157 or visit us online at www.uspostalsolutions.com to save your student rental community or university money.

 

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PO box to be mandatory for on-campus residents

Students living on campus will be required to purchase a post office box at the soon-to-be-renovated post office starting next semester at $70 per year.  The regulation comes with the University’s new mail carrier, which will take over operations from the United States Postal Service.

The University will hand over operations to Ricoh USA because  the USPS office on campus was one of six Baton Rouge locations recommended for closure by USPS, according to Director of University Auxiliary Services Jason Tolliver.  The $70 standard box with the new provider is an increase from the $44 per year for a basic P.O. box with USPS, according to Tolliver.

Link to article: http://www.lsureveille.com/news/po-box-to-be-mandatory-for-on-campus-residents-1.2475336

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Postal Solutions is the nation’s leader in the collegiate mail management industry, for both on- and off-campus mail management services. For more information regarding assistance with outsourcing your collegiate mail management needs, please call us today at (866) 378-8157 or visit us online at www.uspostalsolutions.com to save your university money.

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Residence Hall Mail Services: UGA

Residence Hall Mail ServicesMail and packages are picked up Monday through Friday from the post office and delivered to the Residence Halls. Each Residence Hall community has its own satellite mailroom facility and personnel who process the incoming letter mail and packages in accordance to their procedures.

Campus Mail closed on Saturdays

As of May 15, 2010 Campus Mail will no longer operate on Saturdays.  Residence Halls will no longer receive mail or packages on Saturdays, including packages sent overnight through the USPS.  However, if a student living in the Residence Halls needs to receive an overnight package on Saturday, an alternative would be to send the package UPS (United Parcel Services).  UPS does operate on Saturdays and can deliver on Saturday to the Residence Halls if requested by the sender.

Link to article: http://www.busfin.uga.edu/mail/reshall_mail.htm

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Postal Solutions is the nation’s leader in the collegiate mail management industry, for both on- and off-campus mail management services. For more information regarding assistance with outsourcing your collegiate mail management needs, please call us today at (866) 378-8157 or visit us online at www.uspostalsolutions.com to save your university money.

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LSU switches mail service

LSU is officially switching to Ricoh USA to privatize mailing services on campus starting next fall, the university decided this week.

The move will cost students more and require students living on campus to purchase mailboxes, but also should solve long-term mailing services problems on campus, said Jason Tolliver, LSU director of auxiliary services.

The expedited privatization process is the result of ongoing state budget cuts to colleges and LSU being placed on the planned list of U.S. Postal Service closures nationally amid federal budget problems, he said.

The end result should be better quality in a consolidated, one-stop shop for mailing, copying, binding and graphic design services on the bottom floor of the LSU Student Union, he said.

Link to article: http://www.2theadvocate.com/news/latest/116036469.html

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Postal Solutions is the nation’s leader in the collegiate mail management industry, for both on- and off-campus mail management services. For more information regarding assistance with outsourcing your collegiate mail management needs, please call us today at (866) 378-8157 or visit us online at www.uspostalsolutions.com to save your university money.

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