(August 31, 2014) In a recent letter to the editor, Bryan Waller talked about the Postal Service and how it is past its time. I say, he needs to do his research. First of all, USPS receives no tax dollars, and hasn’t since the 1970s. They are required to prefund retiree healthcare, a payment of…
House Oversight and Government Reform Committee Chairman Darrell Issa, R-Calif., today released the following statement on news that the U.S. Postal Service posted a $2.1 Billion loss in the most recent quarter: “The Postal Service’s latest reported loss illustrates the urgent need for postal reform to prevent a taxpayer funded bailout of the Postal Service,”…
The editorial below from “an anonymous PostCom board member” appeared in this week’s issue of PostCom Bulletin, the organization’s newsletter. I thought the insights about how to get postal reform moving and about the U.S. Postal Service’s governing body were worth sharing with a wider audience, so I’m republishing it with the permission of PostCom. A…
The Postal Service released its second quarter results today. The results demonstrate that USPS finances are continuing to improve with the economy. Here’s what you need to know: Second quarter revenue rose by $379 million, representing a 2.3 percent increase year-over-year. Shipping and package revenue continues to see dramatic growth, with an 8 percent increase…
Did you know that revenues for the U.S. Postal Service actually increased last year? Despite the rapid decline of the personal letter, revenues rose modestly to $67.32 billion last year. Of course, the Postal Service still recorded a big annual loss — almost $5 billion — but it also faces a uniquely costly burden. Congress…
