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 […]
US Postal Service (USPS) consumers are seeing declining service standards. They know their packages don’t arrive on time. What they may not realize, however, is that this may also cost them their vote. 38 states require absentee ballots to be received by election day. However, USPS rules have changed and that first class letter mail, […]
Today, the House Government Oversight Committee will be marking up a bill introduced by Chairman, Jason Chaffetz and the committee’s Ranking Member, Elijah Cummings that would provide an outsized bailout to the United States Postal Service on the backs of postal consumers. Since 2007, the U.S. Postal Service has generated $56.8 billion in financial losses […]
Come this June, seven years will have passed since the last economic recession officially ended. But, if you listen to the Postmaster General and CEO of the U.S. Postal Services (USPS), Megan J. Brennan, you would never know it. By law, USPS is allowed to increase its prices at the rate of inflation, as measured […]
Although the USPS gained $1.3 billion in “controlled income” in the first quarter of 2016, the agency’s beleaguered financial position undoubtedly remains in light of amassing losses of $31.5 billion in the previous four years. To temper any optimistic views of the announcement, USPS’s own Chief Financial Officer, Joseph Corbett, remarked that the report indicated […]
ACI’s filing provides evidence that the US Postal service is using its monopoly services to cross-subsidize its unregulated businesses. The filing, available here, suggests that the Commission implement a full cost model that would require unregulated entities to pay the total costs of its operations and not push those costs to regulated services. In recent […]
A new study by a former US Department of Commerce official confirms something that many observers have long concluded – the US Postal Service overcharges its monopoly customers and then uses these proceeds to subsidize unregulated services in direct competition with the private sector. The study, conducted by economist Robert Shapiro, finds consumers are overpaying […]
Last year, the United States Postal Service (USPS) began plans to expand its delivery capabilities, moving into the grocery delivery business in a test markets. It started with a partnership with Amazon Fresh in San Francisco, delivering groceries in the early morning hours to customers. Now, the Postal Regulatory Commission has signed off on further […]