NALC President Rolando on USPS latest financial results (audio)

Posted on June 3, 2014June 3, 2014 by 21cpw

The Postal Service’s latest financial results are no better than any of their recent numbers. But they might not be as bad as they look. Different interpretations of those numbers cause some leaders to think the Postal Service has a faster route back to profitability than Congress does. Frederic Rolando, president of the National Association…

Why is the Postmaster General Understating Postal Revenue Gains?

Posted on May 12, 2014May 12, 2014 by 21cpw

By David Yao In a May 9, 2014 press release, the Postal Service issued another quarterly press release turning an operating profit (of $261 million) into a loss. The supposed loss, an accounting fiction, was caused entirely by the 2006 law which generates a long-term loan to the Federal treasury, under the guise of “pre-funding”…