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BOG

USPS Board avoids the cold, flies to Las Vegas for meeting

As letter carriers in much of the country brave bitter cold, and even sub-zero temperatures to deliver the mail, the USPS Board of Governors will be flying to sunny Las Vegas for their regular monthly meeting. The forecast is for partly cloudy skies and high temperatures around 60- above zero!

The public is NOT invited to attend:

Board of Governors; Sunshine Act Meeting
DATES AND TIMES: January 7, 2014, at 2:30 p.m., and January 8, 2014, at 7:15 a.m.

PLACE: Las Vegas, Nevada.

STATUS: Closed.

MATTERS TO BE CONSIDERED
Tuesday, January 7, 2014, at 2:30 p.m.
1. Strategic Issues.
2. Pricing.
3. Governors’ Executive Session.

Wednesday, January 8, 2014, at 7:15 a.m.
1. Financial Matters.
2. Strategic Issues (Continued).
3. Personnel Matters and Compensation Issues.
4. Board Executive Session– Discussion of prior agenda items and Board Governance.

CONTACT PERSON FOR MORE INFORMATION:
Julie S. Moore, Secretary of the Board,
U.S. Postal Service, 475 L’Enfant Plaza
SW., Washington, DC 20260-1000.
Telephone (202) 268-4800.
Julie S. Moore,
Secretary.
[FR Doc. 2013-31100 Filed 12-24-13; 11:15 am]

Federal Register | Board of Governors; Sunshine Act Meeting.

GOP lobbyist to remain as USPS Board Chairman; USPS finances improve

Tweets from this morning’s USPS Board of Governors meeting:

Mickey Barnett is a GOP politician from New Mexico who was involved in the US Attorneys scandal during the administration of President George W. Bush. He also unsuccessfully attempted to get the courts to assign New Mexico’s electoral votes to Bush in the disputed 2000 election. Bush later appointed him to the BOG. Billbray is a Democratic politician from Nevada who lost his seat in the House in 1994.

USPS Board Meeting, Annual Financial Results Briefing next Friday

WASHINGTON, Nov. 8, 2013 /PRNewswire-USNewswire/ — The Board of Governors of the U.S. Postal Service will meet Nov. 15 in open session at Postal Service headquarters, 475 L’Enfant Plaza, SW, Washington, DC. The public is welcome to observe the meeting beginning at 8 a.m. in the Ben Franklin Room on the 11th floor. The Board is expected to discuss the following items:

  1. Call to order and remarks of the Chairman of the Board
  2. Remarks of the Postmaster General and CEO
  3. Approval of minutes of previous meetings
  4. Committee reports
  5. FY 2013 10-K and financial statements
  6. FY 2014 Integrated Financial Plan and Financing Resolution
  7. FY 2015 appropriations request
  8. Quarterly service performance report
  9. Approval of Annual Report and Comprehensive Statement
  10. Tentative agenda for the Dec. 10, 2013 meeting
  11. Election of Chairman and Vice Chairman of the Board of Governors
  12. Adjourn

Open session meetings of the Board of Governors are available on live audio webcasts at http://about.usps.com/news/electronic-press-kits/bog/welcome.htm. Three hours after the conclusion of the open session meeting, a recorded audio file will be available for listening. In compliance with Section 508 of the Rehabilitation Act, the audio webcast will be open-captioned.

CFO Briefing
Following the Board’s open meeting on Nov. 15, Postmaster General & CEO Patrick Donahoe and Chief Financial Officer Joe Corbett will host a telephone/web conference call to discuss the financial results in more detail. The call will begin at 1 p.m. ET and is open to the news media and all other interested parties.

How to Participate:
Important Notice: The procedure to join the briefing has changed. To ensure your computer is set up to join the event, click on the link www.webex.com/lp/jointest/ 

Attendee Direct URL:  https://usps.webex.com/usps/onstage/g.php?t=a&d=993503302

If you cannot join using the direct link above, please use the alternate login below:
Alternate URL:  https://usps.webex.com
Event Number:  993 503 302

To join by phone only, dial (855) 293-5496 and enter conference ID: 93813849.

The briefing will also be available on live audio webcast (listen only) at:
http://about.usps.com/news/electronic-press-kits/cfo/welcome.htm.

The Postal Service receives no tax dollars for operating expenses and relies on the sale of postage, products and services to fund its operations.

 

USPS Board to meet in closed session tomorrow

From the Federal Register:

Board of Governors; Sunshine Act Meeting

DATES AND TIMES: October 22, 2013, at 9:00 a.m.
PLACE: Washington, DC.
STATUS: Closed.

MATTERS TO BE CONSIDERED:
Tuesday, October 22, 2013 at 9:00 a.m.
1. Strategic Issues.
2. Financial Matters.
3. Pricing.
4. Personnel Matters and Compensation Issues.
5. Governors’ Executive Session–Discussion of prior agenda items and Board Governance.

USPS Board to meet in closed session in Kansas City on September 24

The US Postal Service Board of Governors will meet in closed session next month in Kansas City MO. Here’s the Federal Register notice:

DATES AND TIMES:September 24, 2013, at 4:30 p.m., and September 25, 2013, at 9:00 a.m.
PLACE:Kansas City, Missouri.
STATUS:Closed.

MATTERS TO BE CONSIDERED:
Tuesday, September 24, 2013, at 4:30 p.m.

1. Strategic Issues.

Wednesday, September 25, 2013, at 9:00 a.m.

1. Strategic Issues continued.
2. Financial Matters.
3. Pricing.
4. Personnel Matters and Compensation Issues.
5. Governors’ Executive Session–Discussion of prior agenda items and Board Governance.

USPS Board of Governors to Meet May 10

WASHINGTON , April 29, 2013 /PRNewswire-USNewswire/ — The Board of Governors of the U.S. Postal Service will meet May 10 in open session at Postal Service headquarters, 475 L’ Enfant Plaza , SW, Washington, DC. The public is welcome to observe the meeting beginning at 8:30 a.m. in the Ben Franklin Room on the 11th floor. The Board is expected to discuss the following items:

  1. Call to order and remarks of the Chairman of the Board
  2. Remarks of the Postmaster General and CEO
  3. Approval of minutes of previous meetings
  4. Committee reports
  5. Quarterly report on financial performance
  6. Quarterly service performance report
  7. Tentative agenda for the June 18 meeting
  8. Adjourn

Open session meetings of the Board of Governors are available on live audio webcasts at http://about.usps.com/news/electronic-press-kits/bog/welcome.htm. Three hours after the conclusion of the open session meeting, a recorded audio file will be available for listening. In compliance with Section 508 of the Rehabilitation Act, the audio webcast will be open-captioned.

CFO Briefing
Following the Board’s open meeting on May 10, Postmaster General & CEO Patrick Donahoe and Chief Financial Officer Joe Corbett will host a telephone/web conference call to discuss the financial results in more detail. The call will begin at 11:00 a.m. ET and is open to the news media and all other interested parties.

To attend by phone with audio only: dial 866-966-6305 (meeting ID: 2207587).  

To attend the web conference and join with audio:
1) Browse to http://meetingplace4.usps.gov/join.asp?2207587
2) After the MeetingPlace window is open, click the Phone icon (under the Participant List or in the upper right-hand corner).
3) Click Connect Me, validate or update your phone number and click Connect Me again.
4) When the system calls you, press 1 to join.

The briefing will also be available on live audio webcast (listen only) at:
http://about.usps.com/news/electronic-press-kits/cfo/welcome.htm.

 

As the revolving door turns: Obama nominates former Northrup Grumman exec for USPS Board

The White House has announced the nomination of D. Michael Bennett as a member of the Board of Governors of the US Postal Service. Bennett is a former executive of Northrup Grumman, one of the USPS’s biggest contractors, and one which is currently involved in a litigation with the USPS over the failed FSS automation program. More recently, Mr. Bennett has been an executive at BAE Systems, a worldwide arms manufacturer, and one of the US government’s biggest contractors.

Here is the official announcement:

D. Michael Bennett, Nominee for Governor, Board of Governors of the United States Postal Service

D. Michael Bennett is Senior Vice President of Information Management and Chief Information Officer of BAE Systems, a position he has held since 2010. Previously, Mr. Bennett was Vice President and General Manager of the Enterprise Solutions Business Area of BAE System’s Information Solutions Line of Business. He worked at Northrup Grumman, ultimately becoming Vice President for Contracts, Pricing, Procurement and Risk Management for Northrop’s Information Technology Sector in 1999. From 1980 to 1999, Mr. Bennett practiced law in various positions with Northrup Grumman, EDS Corporation, and the U.S. Department of Commerce. He serves on the Board of Visitors of the Howard University School of Business, Vice President of Duke University Alumni Association Board of Directors, and Chair of the Manna Ventures Board of Directors. In 2012, he received the Minority Business Leader Award from the Washington Business Journal. Mr. Bennett received a B.A. from Duke University and a J.D. from The George Washington University Law School.

USPS Board tells PMG to delay 5 day delivery until Congress gives the OK

Statement From the U.S. Postal Service Board of Governors:

“The Board of Governors of the United States Postal Service met April 9th and discussed the Continuing Resolution recently passed by Congress to fund government operations. By including restrictive language in the Continuing Resolution, Congress has prohibited implementation of a new national delivery schedule for mail and packages, which would consist of package delivery Monday through Saturday and mail delivery Monday through Friday, and which would have taken effect the week of August 5, 2013.

“Although disappointed with this Congressional action, the Board will follow the law and has directed the Postal Service to delay implementation of its new delivery schedule until legislation is passed that provides the Postal Service with the authority to implement a financially appropriate and responsible delivery schedule. The Board believes that Congress has left it with no choice but to delay this implementation at this time. The Board also wants to ensure that customers of the Postal Service are not unduly burdened by ongoing uncertainties and are able to adjust their business plans accordingly.

“The Board continues to support the transition to a new national delivery schedule. Such a transition will generate approximately $2 billion in annual cost savings and is a necessary part of a larger five-year business plan to restore the Postal Service to long-term financial stability. According to numerous polls, this new delivery schedule is widely supported by the American public. Our new delivery schedule is also supported by the Administration and some members of Congress.

“To restore the Postal Service to long-term financial stability, the Postal Service requires the flexibility to reduce costs and generate new revenues to close an ever widening budgetary gap. It is not possible for the Postal Service to meet significant cost reduction goals without changing its delivery schedule – any rational analysis of our current financial condition and business options leads to this conclusion. Delaying responsible changes to the Postal Service business model only increases the potential that the Postal Service may become a burden to the American taxpayer, which is avoidable.

“Given these extreme circumstances and the worsening financial condition of the Postal Service, the Board has directed management to seek a reopening of negotiations with the postal unions and consultations with management associations to lower total workforce costs, and to take administrative actions necessary to reduce costs. The Board has also asked management to evaluate further options to increase revenue, including an exigent rate increase to raise revenues across current Postal Service product categories and products not currently covering their costs.

“The Board continues to support the Postal Service’s five-year business plan and the legislative goals identified in that plan which will return the Postal Service to financial solvency. The Board additionally urges Congress to quickly pass comprehensive postal legislation, including provisions that would affirmatively provide the Postal Service with the ability to establish an appropriate national delivery schedule.”

USPS ends Q1 with $1.3B loss, reports package growth, record efficiency

  • Postal Service Ends First Quarter with $1.3 Billion Loss
  • Board Directed Accelerated Operational and Other Cost-Cutting Actions Moving Forward 
  • Postal Reform Legislation Urgently Needed to Complete USPS’s Return to Profitability

WASHINGTON — The U.S. Postal Service ended the first three months of its 2013 fiscal year (Oct. 1 – Dec. 31, 2012) with a net loss of $1.3 billion. Continued growth in Shipping and Package revenue (+4.7%) and increased efficiency helped mitigate but could not fully offset the financial effects of continued First-Class Mail volume declines and costs that are beyond Postal Service management control. As a result, the Postal Service recently announced it would move forward with accelerated cost-cutting actions necessary to help maintain liquidity because Congress has not passed comprehensive postal reform legislation. Read the rest of this entry »

PMG expected to make a major announcement on USPS restructuring Wednesday

Update: According to the Associated Press, the announcement will be the end of regular Saturday mail deliveries.

pat-donahoe-largeLast month the USPS Bord of Governors directed the Postmaster General to accelerate the restructuring of USPS operations in response to the service’s precarious financial situation. The PMG has scheduled a press conference at USPS Headquarters for Wednesday at 10 AM EST to make a major announcement regarding those restructuring plans.