U. S. Postal Service: Deteriorating Postal Finances Require Aggressive Actions to Reduce Costs
U. S. Postal Service: Deteriorating Postal Finances Require Aggressive Actions to Reduce Costs

Author: Phillip Herr

Publisher: DIANE Publishing

Published: 2009-12

Total Pages: 17

ISBN-13: 1437913040

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In Dec. 2006, the USPS had just completed FY 2006 with its largest mail volume ever -- 213 billion pieces of mail and a net income of $900 million. Two years later, USPS's mail volume dropped almost 5% -- the largest single-year decline. USPS was facing a potential net loss of over $1 billion for FY 2008. USPS anticipated continued deterioration due to the econ. slowdown, as the financial, credit, and housing sectors are among its key bus. drivers. The shifts in transactions and messages from mail to electronic commun. and from advertising mail to electronic media have affected the USPS's financial situation. This testimony focuses on: (1) USPS's financial condition and outlook; and (2) options and actions for USPS to remain financially viable. Illus.

U. S. Postal Service: Escalating Financial Problems Require Major Cost Reductions to Limit Losses
U. S. Postal Service: Escalating Financial Problems Require Major Cost Reductions to Limit Losses

Author: Phillip Herr

Publisher: DIANE Publishing

Published: 2009-11

Total Pages: 20

ISBN-13: 1437916120

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USPS's financial condition has deteriorated. Mail volume declined by a record 9.5 billion pieces (4.5%) in FY 2008, leading to a loss of $2.8 billion -- the second largest since 1971. This was largely due to declines in the economy, esp. in the financial and housing sectors, as well as shifts in transactions, messages, and advertising from mail to electronic alternatives. Declining mail volume flattened revenues despite rate increases, while USPS's cost-cutting efforts were insufficient to offset the impact of declining mail volume and rising costs in fuel and cost-of-living allowances for postal employees. This testimony focuses on: (1) USPS's financial condition and outlook; and (2) options for USPS to remain financially viable in the short and long term. Illus.

U. S. Postal Service: Network Rightsizing Needed to Help Keep USPS Financially Viable
U. S. Postal Service: Network Rightsizing Needed to Help Keep USPS Financially Viable

Author: Phillip Herr

Publisher: DIANE Publishing

Published: 2009-11

Total Pages: 20

ISBN-13: 1437916678

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The recession accelerated declines in mail volume in FY 2008 and flattened revenues despite postal rate increases. That year, mail volume fell by 9.5 billion pieces, or 4.5%, and resulted in a net loss of $2.8 billion. USPS's financial condition has continued to deteriorate in the first 5 months of FY 2009, with accelerating declines in mail volume and financial losses. This testimony updates that info. and focuses on: (1) how USPS's financial viability is challenged given current economic conditions and whether USPS can cover its expenses and financial obligations; (2) USPS's opportunities to rightsize its retail and mail processing networks; and (3) what options and trade-offs need to be considered to address mail volume and revenue declines. Illus.

U. S. Postal Service's Financial Condition
U. S. Postal Service's Financial Condition

Author: Kevin R. Kosar

Publisher: DIANE Publishing

Published: 2010-11

Total Pages: 16

ISBN-13: 1437931294

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Provides an overview of the U.S. Postal Service¿s (USPS) financial condition, recent legislation to alleviate the USPS¿s financial challenges, and issues for the 111th Congress. Since 1971, the USPS has been a self-supporting gov¿t. agency that covers its operating costs with revenues generated through the sales of postage and related products and services. Recently, the USPS has experienced significant financial challenges. Contents: (1) Background; (2) Financial Difficulties, FY 2006-09: (3) FY 2010 Financial Condition; (4) Issues for Congress: Increasing Revenues: Altering Postage Rates; Reducing Costs; Reducing Pension Costs; Reducing the USPS¿s Retail and Nonretail Facilities; Reducing Mail Delivery from 6 to 5 Days/Week. Illus.

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

Author: United States Accounting Office (GAO)

Publisher: Createspace Independent Publishing Platform

Published: 2018-05-21

Total Pages: 32

ISBN-13: 9781719436687

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U.S. Postal Service: Deteriorating Postal Finances Require Aggressive Actions to Reduce Costs

The U.S. Postal Service in Crisis
The U.S. Postal Service in Crisis

Author: United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security

Publisher:

Published: 2010

Total Pages: 224

ISBN-13:

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

Author: Phillip Herr

Publisher: DIANE Publishing

Published: 2010-08

Total Pages: 80

ISBN-13: 1437932096

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The Postal Accountability and Enhancement Act of 2006 required an evaluation of strategies and options for reforms of the U.S. Postal Service (USPS). USPS¿s business model is to fulfill its mission through self-supporting, businesslike operations; however, USPS has experienced increasing difficulties. Due to volume declines, losses, a cash shortage, and rising debt, the USPS was added to a high-risk list in July 2009. The objectives of this report were to assess: (1) the viability of USPS¿s business model; (2) strategies and options to address challenges to its business model; and (3) actions Congress and USPS need to take to facilitate progress toward financial viability. Includes recommendations. Charts and tables.

U. S. Postal Service: Financial Crisis Demands Aggressive Action
U. S. Postal Service: Financial Crisis Demands Aggressive Action

Author: Phillip Herr

Publisher: DIANE Publishing

Published: 2010-09

Total Pages: 13

ISBN-13: 1437931146

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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 volume and revenues resulting from the economic recession and changes in the use of mail, such as electronic bill payment. The USPS needs to restructure to improve its financial viability. Declines in mail volume and revenue, large financial losses, increasing debt, and financial obligations will continue to challenge USPS. This testimony provides: (1) info. on USPS's financial condition and forecast; and (2) the need for USPS restructuring. In addition, questions and issues are included for Congress to consider regarding USPS's proposal to reduce delivery from 6 to 5 days.