Is the Postal Service is Overcharging You on Stamps So It Can Compete with Package Delivery Services?

In fiscal year 2018, the USPS reported $3.9 billion in losses, up from the $2.7 bilion loss it experienced in 2017. It’s been over a decade since the USPS was last profitable, which is particularly concerning given that the agency was intended to be financially self-sufficient. Adding to its financial challenges, the USPS rarely meets […]

Postal Service Faces Bleak New Year as Its Harmful Business Practices Continue

It’s a new year, but not much has changed at the U.S. Postal Service. The agency continues to hemorrhage cash, miss quality of service targets, and accrue massive unfunded liabilities. In fiscal year 2018, the USPS reported $3.9 billion in losses — the latest in a decade-long trend of deepening operating deficits. And it’s not […]

USPS’ Financials Justify the White House’s Commission to Reform the Postal System

Over the past three months, the USPS announced today that they lost an additional $1.5 billion. As total losses for FY2018 climb to $3.3 billion, USPS management continues to deflect blame as opposed to rolling their sleeves up and figuring out how to better manage their finances. President of American Consumer Institute, Steve Pociask emphasized […]

Washington Examiner: Trouble at the Post Office

This month, the U.S. Postal Service, a government enterprise, released new data that provides further evidence of the agency’s financial woes. Net losses for the second quarter of 2018 totaled $1.3 billion, compared to a net loss of $562 million for the same period last year. The new data highlight the need for policymakers to […]

New White House Task Force Must Address New U.S. Postal Service Losses and Lack of Cost Controls

After losing more than $65 billion in the matter of a decade, the U.S. Postal Service is well-known for its dismal financial mismanagement. Thus, it comes with little surprise that the Postal Service announced this week another loss of $1.3 Billion for the second quarter of 2018. President of American Consumer Institute, Steve Pociask, emphasized […]

Morning Consult: Before Raising Rates, Postal Service Should Address Mismanagement

After years of soaring deficits, including $2.7 billion in losses in 2017, the United States Postal Service’s financial condition continues to worsen, and a recent proposal by federal regulators fails to address the root of the problem. The Postal Regulatory Commission (PRC), which has oversight authority over the Postal Service, is considering authorizing substantial postal […]

Consumer Advocates and Other Groups Strongly Oppose Postal Regulator’s Plan for Major Price System Overhaul and Rate Increases

This month, American Consumer Institute (ACI) along with many organizations and analysts have expressed concerns with the Postal Regulatory Commission’s (PRC) plan for drastic US Postal Service rates hikes for each of the next 5 years. As ACI contends, such proposals have been ushered to the public using faulty logic about the challenges facing the […]

ACI’s Regulatory Filing: How to Save the Postal Service From Collapse

ACI filed its comments with the United States Postal Commission in regard to its Notice of Proposed Rulemaking for Docket RM2017-3.  ACI’s filing provides empirical evidence that shows significant cost shifting from competitive services facing market rivalry to monopoly services now subject to financial collapse, and it recommends ways to financially save the postal service […]

ACI Reacts to Continued Fiscal Chaos at the U.S. Postal Service

Today, the U.S. Postal Service detailed a loss of $540 million in its financial report for the first quarter for the new fiscal year. Given the peculiar financial management path that the Postal Service has taken in recent years, The American Consumers Institute (ACI) is hardly surprised by the organization losing over $65 billion over […]