$135,000 Performance Bonus, as Post Office May Cut Back on Service, Raises Eyebrows
These are tough times for the post office, but not for the postmaster general. Even with stamp prices set to rise another two cents this May, the U.S. Postal Service is awash in red ink. In January, Postmaster General John Potter told Congress [...]
At a time when the U.S. Postal Service is again raising the price of a stamp and considering ending mail delivery one day a week, revelation comes that Postmaster General John E. Potter received more than $800,000 in compensation and retirement benefits in 2008.
At least four other postal officials got more than a quarter-million dollars [...]
Washington, D.C.—The U.S. Postal Service’s rate changes that were announced last fall went into Jan. 18. They include rate hikes ranging from 3.9% for priority mail to 8.5% for some international shipping services.
Other price increases include: parcel select (5.9%), express mail (5.7%) and parcel return service (5.3%). Overall, shipping services prices will increase an average [...]