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August 02, 2015 7:25 PM 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 SW

Washington, DC 20260-0546

United States

Founded in 1775

488,000 Employees

Phone:

202-268-2000

Fax:

202-268-3488

Key Executives for United States Postal Service

Chief Executive Officer and Postmaster General
Age: 53
Chief Postal Inspector
Chief Financial Officer and Executive Vice President
Age: 56
President of Digital Solutions
Age: 64
Chief Information Officer and Executive Vice President
Age: 60
Compensation as of Fiscal Year 2015.

United States Postal Service Key Developments

Lovett Commercial To Buy Downtown Post Office.

The Houston Chronicle reports Lovett Commercial could close on the downtown post office at Bagby and Franklin from United States Postal Service by late summer or early fall.

John Edgar Resigns as Vice President for Information Technology at U.S. Postal Service

John Edgar resigned as the Vice President for Information Technology at the U.S. Postal Service on June 5, 2015. Edgar resigned to work in the private sector. Edgar led the Postal Service’s IT division for the last four years, and he worked for the Postal Service for the last fourteen years.

United States Postal Service and American Postal Workers Union Reach Impasse in Contract Negotiations

On May 27, negotiations on a new labor contract between the United States Postal Service and the American Postal Workers Union, AFL-CIO (APWU) came to an impasse. The parties will continue to follow the current agreement until a new contract is reached through the dispute resolution process. The APWU represents more than 196,000 employees who work as clerks, mechanics, vehicle drivers, custodians and in some administrative positions. The Postal Service receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 2, 2014
Former Union Square Post Office at 237 Washington St.
 

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