U S Postal Service Escalating Financial Problems Require Major Cost Reductions To Limit Losses
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U S Postal Service
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Author : United States Government Accountability Office
language : en
Publisher: Createspace Independent Publishing Platform
Release Date : 2018-05-17
U S Postal Service written by United States Government Accountability Office and has been published by Createspace Independent Publishing Platform this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-05-17 with categories.
U.S. Postal Service: Escalating Financial Problems Require Major Cost Reductions to Limit Losses
U S Postal Service Escalating Financial Problems Require Major Cost Reductions To Limit Losses
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Author : Phillip Herr
language : en
Publisher: DIANE Publishing
Release Date : 2009-11
U S Postal Service Escalating Financial Problems Require Major Cost Reductions To Limit Losses written by Phillip Herr and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-11 with Political Science categories.
USPS's financial condition has deteriorated. Mail volume declined by a record 9.5 billion pieces (4.5%) in FY 2008, leading to a loss of $2.8 billion -- the second largest since 1971. This was largely due to declines in the economy, esp. in the financial and housing sectors, as well as shifts in transactions, messages, and advertising from mail to electronic alternatives. Declining mail volume flattened revenues despite rate increases, while USPS's cost-cutting efforts were insufficient to offset the impact of declining mail volume and rising costs in fuel and cost-of-living allowances for postal employees. This testimony focuses on: (1) USPS's financial condition and outlook; and (2) options for USPS to remain financially viable in the short and long term. Illus.
U S Postal Service
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Author : U S Government Accountability Office (G
language : en
Publisher: BiblioGov
Release Date : 2013-06
U S Postal Service written by U S Government Accountability Office (G and has been published by BiblioGov this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-06 with categories.
When Congress passed the Postal Accountability and Enhancement Act in December 2006, the U.S. Postal Service (USPS) had just completed fiscal year 2006 with its largest mail volume ever--213 billion pieces of mail and a net income of $900 million. Two years later, USPS's financial condition has deteriorated. Mail volume declined by a record 9.5 billion pieces (4.5 percent) in fiscal year 2008, leading to a loss of $2.8 billion--the second largest since 1971. According to USPS, this was largely due to declines in the economy, especially in the financial and housing sectors, as well as shifts in transactions, messages, and advertising from mail to electronic alternatives. Declining mail volume flattened revenues despite rate increases, while USPS's cost-cutting efforts were insufficient to offset the impact of declining mail volume and rising costs in fuel and cost-of-living allowances for postal employees. USPS's initial fiscal year 2009 budget expected that the turmoil in the economy would result in more mail volume decline and a loss of $3.0 billion. This testimony focuses on (1) USPS's financial condition and outlook and (2) options and actions for USPS to remain financially viable in the short and long term. It is based on GAO's past work and updated postal financial information. We asked USPS for comments on our statement. USPS generally agreed with the accuracy of our statement and provided technical comments, which we incorporated where appropriate.
U S Postal Service
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Author : Phillip Herr
language : en
Publisher:
Release Date : 2009
U S Postal Service written by Phillip Herr and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Postal service categories.
The Financial State Of The U S Postal Service
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Author : United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Federal Workforce, Postal Service, and the District of Columbia
language : en
Publisher:
Release Date : 2009
The Financial State Of The U S Postal Service written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Federal Workforce, Postal Service, and the District of Columbia and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Political Science categories.
U S Postal Service Network Rightsizing Needed To Help Keep Usps Financially Viable
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Author : Phillip Herr
language : en
Publisher: DIANE Publishing
Release Date : 2009-11
U S Postal Service Network Rightsizing Needed To Help Keep Usps Financially Viable written by Phillip Herr and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-11 with Business & Economics categories.
The recession accelerated declines in mail volume in FY 2008 and flattened revenues despite postal rate increases. That year, mail volume fell by 9.5 billion pieces, or 4.5%, and resulted in a net loss of $2.8 billion. USPS's financial condition has continued to deteriorate in the first 5 months of FY 2009, with accelerating declines in mail volume and financial losses. This testimony updates that info. and focuses on: (1) how USPS's financial viability is challenged given current economic conditions and whether USPS can cover its expenses and financial obligations; (2) USPS's opportunities to rightsize its retail and mail processing networks; and (3) what options and trade-offs need to be considered to address mail volume and revenue declines. Illus.
The U S Postal Service In Crisis
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Author : United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security
language : en
Publisher:
Release Date : 2010
The U S Postal Service In Crisis written by United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Political Science categories.
U S Postal Service
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Author : Phillip Herr
language : en
Publisher: DIANE Publishing
Release Date : 2010-08
U S Postal Service written by Phillip Herr and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08 with Business & Economics categories.
The Postal Accountability and Enhancement Act of 2006 required an evaluation of strategies and options for reforms of the U.S. Postal Service (USPS). USPS¿s business model is to fulfill its mission through self-supporting, businesslike operations; however, USPS has experienced increasing difficulties. Due to volume declines, losses, a cash shortage, and rising debt, the USPS was added to a high-risk list in July 2009. The objectives of this report were to assess: (1) the viability of USPS¿s business model; (2) strategies and options to address challenges to its business model; and (3) actions Congress and USPS need to take to facilitate progress toward financial viability. Includes recommendations. Charts and tables.
U S Postal Service Deteriorating Postal Finances Require Aggressive Actions To Reduce Costs
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Author : Phillip Herr
language : en
Publisher: DIANE Publishing
Release Date : 2009-12
U S Postal Service Deteriorating Postal Finances Require Aggressive Actions To Reduce Costs written by Phillip Herr and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-12 with Business & Economics categories.
In Dec. 2006, the USPS had just completed FY 2006 with its largest mail volume ever -- 213 billion pieces of mail and a net income of $900 million. Two years later, USPS's mail volume dropped almost 5% -- the largest single-year decline. USPS was facing a potential net loss of over $1 billion for FY 2008. USPS anticipated continued deterioration due to the econ. slowdown, as the financial, credit, and housing sectors are among its key bus. drivers. The shifts in transactions and messages from mail to electronic commun. and from advertising mail to electronic media have affected the USPS's financial situation. This testimony focuses on: (1) USPS's financial condition and outlook; and (2) options and actions for USPS to remain financially viable. Illus.
U S Postal Service
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Author : William B. Shear
language : en
Publisher: DIANE Publishing
Release Date : 2009-12
U S Postal Service written by William B. Shear and has been published by DIANE Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-12 with Social Science categories.
The U.S. Postal Service (USPS) is facing significant financial problems as mail volume is declining, 4.5% in FY 2008 and 11% projected for FY 2009. USPS lost $2.8 billion in FY 2008 and projects a $6.4 billion loss in FY 2009 (possibly more if it cannot cut $5.9 billion in costs). As one way to cut costs, USPS is trying to improve the efficiency of mail delivery, which generates close to one-third of USPS's $78 billion in expenses. Recognizing the sizable impact of delivery on USPS's finances and operations, this report addresses: (1) how USPS monitors delivery efficiency; (2) characteristics of delivery units that affect their efficiency; and (3) the status and results of USPS's actions to improve delivery efficiency, in particular USPS's Flats Sequencing System. Illus.
