Postal Service push for curbside and cluster box delivery
House committee backs a plan to end door to door mail delivery by 2022 to cut costs at the Postal Service. The bill seeks up to 4.5 billion dollars annual savings with a party line vote. The USPS aims for 20 billion in savings by 2017 and already moves toward curbside and cluster box delivery in new developments.
MENTIONED IN THIS ARTICLE
Washington
Postal Service
Congress
House Oversight and Government Reform Committee
U.S
Darrell Issa
R-Calif
Oversight and Government Reform Panel
David Partenheimer
Issa
Partenheimer
Ford 2Q shines as North America Asia lead the way
Ford Motor Co. reports a stronger quarter with Asia posting a record profit of 117 million and accounting for 20 percent of sales. South America profits rose to 151 million while Europe narrowed losses. North America still dominates net income at 1.23 billion, with rest of world breaking even for the first time in two years. The firm raises its 2013 profit guidance to equal or exceed last year’s 8 billion.
MENTIONED IN THIS ARTICLE
Dearborn
Mich
Ford Motor Co
North America
U.S
Ford
South America
Europe
Bob Shanks
Dearborn, Mich
Shanks
Wall Street
Rise in New Home Sales Surges to 5-Year High in June
U.S. new home sales climbed to a 497,000 annual rate in June, the highest since May 2008, signaling that higher rates have not curbed demand. May and prior months were revised lower, while supply remains tight at 3.9 months. Analysts caution sales could ease if rates stay elevated.
MENTIONED IN THIS ARTICLE
Washington
U.S
Census Bureau
MarketWatch
Stephen Stanley
Pierpont Securities
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