Representative Peter DeFazio of Oregon is not happy with the efforts of Postmaster General Patrick Donahoe to address the Postal Service’s financial challenges. However, DeFazio isn’t just critical of Donahoe. In a recent interview with Bloomberg Businessweek, DeFazio said he is also frustrated that the Obama administration is not working on a solution. Many of you [...]
America’s Postal Service is a cornerstone of our society and a vital part of our economic infrastructure. The Postal Service is facing real challenges. Changes are required to meet the needs of an ever-evolving American market economy. But rather than cut services and destroy a national treasure, the American people deserve postal reform based both on a comprehensive rethinking of the institution and on a business plan they can believe in. We need a plan that preserves the Postal Service’s most important strategic asset — its network — and that allows it to grow, prosper and serve the American people for many years to come.
The Postal Service released its Q2 Financial Report today. While you’ll soon be seeing the words “$1.9 billion loss” in the headlines, here are more of the facts you may not hear as often. Year over year: Operating revenue in the most recent fiscal quarter was $121 million higher. Expenses fell by $1.2 billion. Revenue [...]
Cutting Saturday mail is not the way to reform the United States Postal Service. The real culprit of USPS losses is pre-funding, which is responsible for 78 percent of the USPS’s $42.5 billion in losses since 2007. To save the USPS from such financially crippling policies, Congressman DeFazio of Oregon has launched a “We The [...]
On all accounts, the March 24th Delivering for America rallies were a resounding success. Initial reports coming in from the field tally close to 3,000 attendees in NYC, 1,000 in Chicago, 250 in Rhode Island and 100 in South Dakota! These ralliers – along with the tens of thousands of others who gathered across the [...]
The Huffington Post, last week, called further attention to questionable decision-making from USPS leadership. As the piece notes, the USPS spent about $8,000 to create video invitations for a “VIP” reception taking place this evening at the Intercontinental Hotel in San Francisco. For an institution suffering from significant money woes, throwing an extravagant reception is a slap in the face [...]