Dead Tree Edition
April 13, 2014
Partly because of a shift to lower-paid employees, the U.S. Postal Service experienced a rare improvement in its business last year, according to a Postal Regulatory Commission analysis. But the PRC warned that USPS is still on shaky ground – losing money for the seventh year in a row, short on cash, and unable to borrow money or invest in new equipment.In other words, the good ship Postal Service is still sinking, but it’s not taking on quite as much water as it used to.The PRC calculates that USPS’s financial loss from operations was “only” $1 billion in FY2013, down
April 15, 2014
The Postal Service has introduced Metro Post — a new option for New York businesses that need... This is a summary- visit postalnewsblog.com for the full story, comments and more.
Courier, Express, and Postal Observer
January 16, 2014
In assigning a rating on new debt issued by Harland Clarke to cover the purchase of Valassis, Moody’s made an assessment of a business that is primarily dependent on check printing and mail advertising. Its comments suggests that Wall Street sees both the transaction and advertising mail businesses as profitable but in a secular decline. More importantly for holders of bonds due in 2021, Moody’s expects the secular decline in both checks and mail advertising to accelerate towards the end of the decade. Harland Clarke’s B2 Corporate Family Rating reflects Moody’s ongoing concern that the combined business model is subject