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.

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: United States Government Accountability Office

Publisher: Createspace Independent Publishing Platform

Published: 2018-05-17

Total Pages: 34

ISBN-13: 9781719266277

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

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
U. S. Postal Service

Author: William B. Shear

Publisher: DIANE Publishing

Published: 2009-12

Total Pages: 60

ISBN-13: 1437919987

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The U.S. Postal Service (USPS) is facing significant financial problems as mail volume is declining, 4.5% in FY 2008 and 11% projected for FY 2009. USPS lost $2.8 billion in FY 2008 and projects a $6.4 billion loss in FY 2009 (possibly more if it cannot cut $5.9 billion in costs). As one way to cut costs, USPS is trying to improve the efficiency of mail delivery, which generates close to one-third of USPS's $78 billion in expenses. Recognizing the sizable impact of delivery on USPS's finances and operations, this report addresses: (1) how USPS monitors delivery efficiency; (2) characteristics of delivery units that affect their efficiency; and (3) the status and results of USPS's actions to improve delivery efficiency, in particular USPS's Flats Sequencing System. Illus.

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.

Making Sense of it All
Making Sense of it All

Author: United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Federal Workforce, Postal Service, and the District of Columbia

Publisher:

Published: 2009

Total Pages: 228

ISBN-13:

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Continuing to Deliver
Continuing to Deliver

Author: United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Federal Workforce, Postal Service, and the District of Columbia

Publisher:

Published: 2010

Total Pages: 288

ISBN-13:

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Nip and Tuck
Nip and Tuck

Author: United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Federal Workforce, Postal Service, and the District of Columbia

Publisher:

Published: 2009

Total Pages: 160

ISBN-13:

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