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Patrick Donahoe

Latest Headlines

Latest Headlines

Spotlight: USPS to reduce workforce by 10,000 employees

The Postal Service plans to reduce its overall workforce by 10,000 employees in 2015, Postmaster General Patrick Donahoe said March 17 at the National Postal Forum.

Donahoe says digital technology will save direct mail marketing

Using embedded digital technology will make direct mail a major part of marketing campaigns again, said Postal Service Postmaster General Patrick Donahoe at an industry conference March 17.

Senate committee approves postal reform bill, USPS records another quarterly loss

A Postal Service overhaul bill that changes the agency's business structure and benefits system was approved Thursday by the Senate Homeland Security and Governmental Affairs Committee, while the agency suffered another multi-million dollar quarterly loss.

USPS lost $5 billion in fiscal 2013

The Postal Service ended fiscal 2013 with a loss of $5 billion, down from a $16 billion loss in fiscal 2012, say USPS financials released Nov. 15. Still, that marks seven consecutive years that USPS incurred a loss, a Postal Service release on its financial statement (.pdf) says. The Post Office has lost money for seven consecutive years, the Postal Service acknowledges in a  release  on its financial  statement  (.pdf).

Retiree healthcare reform would help USPS back to solvency, Donahoe says

Reforming Postal Service health care so retirees utilize Medicare would save USPS money and help keep the agency solvent, USPS Postmaster General Patrick Donahoe told a Senate panel Sept. 26.

Donahoe: USPS needs legislation to remain financially stable

The Postal Service needs legislation to bring the agency back to financial solvency as it faces the prospect of having to ask for an emergency rate hike to keep it afloat, Postmaster General Patrick Donahoe told the Senate Homeland Security and Governmental Affairs Committee.

Postal Service revamps Priority Mail to bolster shipping revenue

The Postal Service made changes to its Priority Mail including day-specific delivery as well as free insurance and tracking, which is expected to boost shipping revenue, an Aug. 14 USPS statement says. The plan is expected to bring an estimated $500 million per year in additional revenue.

USPS posts $740 million third-quarter loss

The Postal Service posted a net loss of $740 million in the third quarter of fiscal 2013, which brings this fiscal year's net loss to $3.9 billion, an Aug. 9 USPS press release says. The losses were less than the first two quarters, which saw $1.3 billion and $1.9 billion in losses respectively.

Postmaster general supports idea of chief innovation officer

Postmaster General Patrick Donahoe voiced his support for establishing a chief innovation officer at the Postal Service during a hearing of the House Oversight and Government Reform Committee July 17.

Postal Service posts $1.9B quarterly loss but improves over last year

The $1.9 billion quarterly loss was up from the previous quarter, when the Postal Service lost $1.3 billion. But compared to the same period last year, its quarterly loss shrank by about 40 percent. The agency lost $3.2 billion in the second quarter of last year. The majority of the $1.9 billion loss during this latest quarter could be attributed to prefunding the retiree health benefits program, which cost the Postal Service $1.4 billion.