Today, the U.S. Postal Service issued its FY 2019 financial results – a report laden with distressing, yet unsurprising news. The USPS’s latest annual loss of $8.8 billion marks the federal agency’s largest since 2012 when its red ink grew by $15.9 billion. The USPS’ total losses since the current Postal Service law, the Postal […]
With the pending departure of the Postmaster General, this op-ed explains why filling this vacancy will require finding someone to deal with problems of service delivery quality, mounting financial losses, the lack of financial transparency, and trustworthiness facing the postal service.
The U.S. Postal Service’s quarterly financial report released last month revealed more than just a net loss of $2.3 billion for the three-month period; it also showed an unexpected drop in the Postal Service’s package volumes for the fewest deliveries in nearly a decade. Read this piece in the Morning Consult to hear why this […]
The United States Postal Service (USPS) has reported quarterly losses for over a decade and this past quarter appears to be no different. Today, USPS released its quarter three financials, losing $2.3 billion this past quarter and bringing the year’s total to $5.9 billion thus far. The induction of new leadership surrounding the agency will […]
The Postal Service often envisions itself as an independent self-sustaining business. However, to reach this point, it must provide Congress with strong assurances that each of its commercial functions are independently viable. To read this op-ed, visit Inside Sources.
In the latest financial report released by U.S. Postal Service for the second quarter of 2019, the agency reveals a clear continuation of its dire fiscal position as a result of destructive business practices. The new quarterly loss of $2.1 billion for the most recent three month period brings the Postal Service to a loss […]
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 […]
While we are well into the 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 […]
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 […]
On January 31, 2018, the American Consumer Institute (ACI) filed its comments with the United States Postal Regulatory Commission regarding the United States Postal Service’s Fiscal Year 2018 Annual Compliance Report. In the filing, ACI states “given the Postal Service’s dire fiscal position and clear deterioration of core services – from both a performance and […]