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 [...]
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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.
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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 [...]
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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 [...]
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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 [...]
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In the next few days, the Senate is likely to vote on an amendment (#68) from Senator Tom Coburn (R-OK) and several other senators, which would strike from the Senate’s continuing resolution (CR) the requirement that the Postal Service provide six-day mail delivery to the American public. Amendment 68 is the latest threat to Saturday [...]
