Gao-04-397t U.S. Postal Service
Gao-04-397t U.S. Postal Service

Author: United States Government Accountability Office

Publisher: Createspace Independent Publishing Platform

Published: 2018-01-28

Total Pages: 32

ISBN-13: 9781984262875

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GAO-04-397T U.S. Postal Service: Key Elements of Comprehensive Postal Reform

U. S. Postal Service
U. S. Postal Service

Author: Katherine Siggerud

Publisher: DIANE Publishing

Published: 2007-09

Total Pages: 36

ISBN-13: 9781422315668

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Since 2001 comprehensive postal reform legislation was needed to address the USPS¿s unsustainable business model, which assumed that increasing mail vol. would cover rising costs & mitigate rate increases. This outdated model limited its flexibility & incentives needed to realize sufficient cost savings to offset rising costs, declining First-Class Mail vol., unfunded obligations, & an expanding delivery network. This limitation threatened the USPS¿s ability to achieve its mission of providing affordable, high-quality universal postal services on a self-financing basis. This report focuses on: why the USPS was recently removed from a high-risk list; the USPS¿s financial condition in FY2007; & the opportunities & challenges facing the USPS. Charts & tables.

U. S. Postal Service: Financial Challenges Continue, with Relatively Limited Results from Recent Revenue-Generation Efforts
U. S. Postal Service: Financial Challenges Continue, with Relatively Limited Results from Recent Revenue-Generation Efforts

Author: Phillip Herr

Publisher: DIANE Publishing

Published: 2010-06

Total Pages: 16

ISBN-13: 1437925227

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The U.S. Postal Service's (USPS) financial condition and outlook deteriorated significantly during FY 2009. USPS was not able to cut costs fast enough to offset declining mail vol. and revenues resulting from the economic downturn and changing mail use. USPS would not be able to make the $5.4 billion payment to prefund postal retiree health benefits that was due by the end of the year. This testimony: (1) updates USPS's financial condition and outlook; (2) describes changes made by the Postal Account. and Enhancement Act of 2006 that provided USPS with greater flexibility to generate revenues; (3) outlines USPS's revenue-generation actions and results using this flexibility; and (4) discusses options to generate increased revenues in the future.