Today, the U.S. Postal Service (USPS) released its financial report for the 2017 fiscal year in which its leadership detailed a greatly concerning loss of $2.7 billion. These results, while unsurprising, point to a critical need for USPS leaders, regulators and lawmakers to institute improved management practices for the agency that has suffered multi-billion losses […]
Last week the U.S. Postal Service released is latest quarterly financial report, which detailed an immense loss of $2.1 billion. While the Postal Service’s downward financial spiral has clearly continued in unsurprising fashion, the report also reveals some emerging trends that are also worthy of further discussion and scrutiny. Most notably, the Postal Service’s favored […]
As Congress and the new Administration work on the new federal budget, there will be a heavy focus on creating the right conditions for generating economic growth and protecting taxpayers. Achieving these goals will stand to produce positive ripple effects across critical domestic markets and affect overall consumer well-being. Two of the primary avenues Congress […]
Despite the U.S. Postal Service’s positive outlook surrounding its last quarterly financial report, the stark reality remains that the agency’s losses continue – this time with $562 million in the red. By touting the gains in “controllable income” the USPS presents an incomplete and misleading perspective of the full costs that it incurs to bring its […]
Despite a lot of big ticket consumer-oriented issues coming into focus for Congress lately, like healthcare and tax reform, it is also apparent that the United States Postal Service (USPS) and its chaotic operations have also had the attention of some legislators on Capitol Hill. For the new administration, the possibility of fixing the long-plagued […]
The Taxpayers Protection Alliance hosted a Capitol Hill briefing on Postal reform. The panel included Steve Pociask (The American Consumer Institute), Justin Sykes (Americans for Tax Reform), Kevin Kosar (R Street Institute), and George Landrith (Frontiers of Freedom). Currently, the Postal Service is falling far short of its Congressional objectives, is not meeting any of its on time mail […]
Comments of the American Consumer Institute Center for Citizen Research Regarding Docket No. RM2017-3 and Order No. 3673 Submitted to the Postal Regulatory Commission, March 20, 2017 About ACI The American Consumer Institute Center for Citizen Research (“ACI”) is a nonprofit (501c3) educational and research institute with the mission to identify, analyze and protect […]
By installing the mail monopoly, the government never intended for consumers to foot the bill for massive debts through disingenuous price hikes – or potentially a taxpayer bailout. But unless things change, that’s exactly what they’ll continue to get. To read the op-ed, visit FORBES.
This ACI op-ed, published in FORBES, discusses the U.S. Postal Service’s monopoly on the use of your mailbox. When a private delivery service puts your package into your mailbox, the Postal Service can remove your package and then require consumers to pay the postal service to retrieve their own package. With the growth in online shopping, there is a need to modernize this archaic regulation.
Today, the U.S. Postal Service announced a $5.6 billion loss for the 2016 fiscal year. These poor results now mark 10 straight years in which the USPS has produce a loss of $1 billion or more. As a result of this trend, the Postal Service has lost over $50 billion during this time period. American […]