Daily Archives: November 13, 2015

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USPS reports end of fiscal year results

The resulting net loss for the fiscal year was $5.1 billion, a reduction of $448 million compared to the net loss of $5.5 billion for 2014. Postal Service reported a net loss of $5.1 billion for fiscal year 2015 (October 1, 2014 - September 30, 2015). The net loss is largely due to certain statutorily mandated payments over which the Postal Service has no control. For reporters interested in speaking with a regional Postal Service public relations professional, please go to about.usps.com/news/media-contacts/usps-local-media-contacts.pdf. Net Loss of $5.1 Billion; Controllable Income of $1.2 BillionRevenue of $68.9 Billion for Fiscal Year 2015, Up 1.6 percentShipping and Packages Services Revenues Up 11.4 percentWASHINGTON — The U.S.

By USPS| 2016-09-07T00:10:40+00:00 November 13th, 2015|News, shippers, Shipping, usps|0 Comments

UPS Prices €1.2 Billion Senior Notes Offering

The notes will consist of €500 million of floating rate senior notes due 2020 and €700 million of 1.625% senior notes due 2025. Such forward-looking statements, including statements regarding the proposed offering, involve certain risks and uncertainties. US 11/13/15Atlanta, GAUnited Parcel Service, Inc. (NYSE: UPS) announced today that it has priced a public offering of €1.2 billion aggregate principal amount of floating rate and fixed rate senior notes in an underwritten registered public offering. UPS anticipates using the net proceeds of approximately €1.19 billion from the offering, after estimated expenses and underwriters’ discounts and commissions, for general corporate purposes, including the repayment of commercial paper. Barclays, BNP PARIBAS, Goldman, Sachs & Co. and Société Générale Corporate & Investment Banking are the active joint book-running managers for the offering.