U. S. Postal Service: Broad Restructuring Needed to Address Deteriorating Finances

U. S. Postal Service: Broad Restructuring Needed to Address Deteriorating Finances

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The U.S. Postal Service's (USPS) financial condition has worsened this year, with the recession and changing mail use causing declines in mail volume and revenues despite postal rate increases. The USPS expects these declines to lead to a record net loss and an unprecedented cash shortfall even if ambitious cost cutting is achieved. Delivery accounts for nearly half of USPS salary and benefit costs. This testimony: (1) updates USPS's financial condition and outlook; and (2) discusses the need for USPS to restructure its mail processing, retail, and delivery networks and its efforts to improve their efficiency. Charts and tables.Mailer representatives have praised USPS communications and coordination with thema€”a process that is continuing to address implementation issues. ... savings, USPS is reconsidering where to deploy the machines and the number of delivery routes covered by the program. ... Considering the potential impact on cost, volume, revenues, employees, and customers, it will be important for USPS to makeanbsp;...


Title:U. S. Postal Service: Broad Restructuring Needed to Address Deteriorating Finances
Author: Phillip Herr
Publisher:DIANE Publishing - 2010-01
ISBN-13:

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