USPS is posting one thing very well; losses. The USPS is hemorrhaging money. It ended its last quarter with a $2 billion net loss, as compared to a $740 million net loss for the same period last year. The revenue that was generated came as a result of a very anemic increase of 0.9 […]
USPS Inspector General’s Foray Earns Ire of Top House Fiscal Watch Dog
“Mr. Williams, I was madder than hell at your proposal. I think the idea that you’re trying to be the chief innovation officer and promoting banking within the [Inspector General’s] office is reprehensible. I am shocked than an Inspector General would go from the waste, fraud, and abuse and inefficiency to promoting a specific agenda, and I’m disappointed.”
Death, Taxes, and Postal Rate Hikes
It seems that, in addition to death and taxes, one more thing is certain: the price rise of postage stamps. My earliest recollection of the price of a stamp? It was in 1972: an 8-cent stamp, providing my first appreciation for Dwight D. Eisenhower, whose visage was pasted to the upper right-hand corner of any […]
To Boldly Go Where No Congress Has Gone Before
The 113th Congress is headed toward a very humble place in the record books by passing the fewest number of bills signed into law since that statistic was first tracked more than 70 years ago. Thus far, the House and Senate have passed only 15 bills, including one all-important piece of legislation that specified “the size of precious-metal blanks that will be used in the production of the National Baseball Hall of Fame commemorative coins.” The current record low of 220 bills was set in the 112th Congress.
Postal Reform: A Chance for Republicans to Say Yes!
“Without continual growth and progress, such words as improvement, achievement, and success have no meaning.”
For USPS, Time is Running Out
Yesterday, Postmaster General Patrick Donahoe testified before the House Committee on Oversight and Government Reform on the fiscal straits faced by the United States Postal Service (USPS).
Congress Ends the End of Saturday Delivery
A little-known but costly rider to the fiscal year 2013 continuing resolution has forced the U.S. Postal Service to withdraw its proposal to end Saturday delivery.
Delivering a Turnaround to the Postal Service
The United States Postal Service (USPS) is broken. It is fixable.
Dire Straits – USPS Floundering
Those were the exact words of the United States Post Office’s (USPS) Postmaster General (PMG) Patrick Donahoe earlier this week during a hearing before the Senate Homeland Security and Governmental Affairs Committee.
Postal Reform is Coming…
On Wednesday, February 6, 2013, the United States Postal Service (USPS) announced its intention to terminate Saturday first-class mail delivery on August 1, 2013. The announcement will certainly trigger a spirited public debate over the impact of such a dramatic change and could prompt resistance or outright obstructionism from lawmakers who don’t believe that the USPS is legally authorized to take such action without congressional approval. But the pronouncement serves to limn, once again, the depth and breadth of the USPS’s financial and structural woes. It also focuses attention on postal officials’ drive to reshape operations to adjust to significant and ongoing drops in first-class mail volume in the face of stultifying, costly labor work rules, excess infrastructure that straitjacket the agency. The USPS announced on November 15, 2012 a record $15.9 billion loss in fiscal year 2102.