News flash: USPS Warns it might run out of cash soon

Alan Robinson notes that a reporter has suggested that the US Postal Service might run out of cash come October- and be unable to meet it’s payroll:

The report was apparently based on comments made at a recent “Industry Focus Group”.

In a related item, the Cleveland Plain Dealer reported that the Postmaster General told Congress that “the post office will run out of money this year unless it gets help… as he sought permission to cut delivery to five days a week.”

POTTERBefore you get too excited about the PMG’s dire warning (or reporter MacFarlane’s “scoop”), I should tell you that the PMG who issued that warning wasn’t Pat Donahoe- it was Jack Potter, and the Plain Dealer story is from 2009.

And they wonder why their warnings aren’t taken seriously?

Read more: USPS May Not Have Cash to Meet Payroll in October | Courier Express and Postal Observer.

Universal service will not change under privatised Royal Mail, says minister

Business minister Michael Fallon has said the government is pushing for Royal Mail to privatise in some form during this financial year, but insisted that universal service will not be affected.As Britain’s The Times reports today that some form of float could take place as early as this Autumn, Fallon wrote at the weekend to confirm that it “should happen” in the year ending April 2014.He said since Royal Mail had a turnover of £9bn, it was “ridiculous” to deny the company the kind of access to private capital that other large firms could seek.

Read more: Universal service will not change under privatised Royal Mail, says minister | Post & Parcel.