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U S Postal Service Escalating Financial Problems Require Major Cost Reductions To Limit Losses
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Book Synopsis U. S. Postal Service: Escalating Financial Problems Require Major Cost Reductions to Limit Losses by : Phillip Herr
Download or read book U. S. Postal Service: Escalating Financial Problems Require Major Cost Reductions to Limit Losses written by Phillip Herr and published by DIANE Publishing. This book was released on 2009-11 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: USPS's financial condition has deteriorated. Mail volume declined by a record 9.5 billion pieces (4.5%) in FY 2008, leading to a loss of $2.8 billion -- the second largest since 1971. This was largely due to declines in the economy, esp. in the financial and housing sectors, as well as shifts in transactions, messages, and advertising from mail to electronic alternatives. Declining mail volume flattened revenues despite rate increases, while USPS's cost-cutting efforts were insufficient to offset the impact of declining mail volume and rising costs in fuel and cost-of-living allowances for postal employees. This testimony focuses on: (1) USPS's financial condition and outlook; and (2) options for USPS to remain financially viable in the short and long term. Illus.
Author :United States Government Accountability Office Publisher :Createspace Independent Publishing Platform ISBN 13 :9781719266277 Total Pages :34 pages Book Rating :4.2/5 (662 download)
Book Synopsis U.S. Postal Service by : United States Government Accountability Office
Download or read book U.S. Postal Service written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-05-17 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: U.S. Postal Service: Escalating Financial Problems Require Major Cost Reductions to Limit Losses
Book Synopsis U.S. Postal Service by : Phillip Herr
Download or read book U.S. Postal Service written by Phillip Herr and published by . This book was released on 2009 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Federal Workforce, Postal Service, and the District of Columbia Publisher : ISBN 13 : Total Pages :320 pages Book Rating :4.0/5 ( download)
Book Synopsis The Financial State of the U.S. Postal Service by : United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Federal Workforce, Postal Service, and the District of Columbia
Download or read book The Financial State of the U.S. Postal Service written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Federal Workforce, Postal Service, and the District of Columbia and published by . This book was released on 2009 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security Publisher : ISBN 13 : Total Pages :224 pages Book Rating :4.3/5 (91 download)
Book Synopsis The U.S. Postal Service in Crisis by : United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security
Download or read book The U.S. Postal Service in Crisis written by United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security and published by . This book was released on 2010 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis U. S. Postal Service: Network Rightsizing Needed to Help Keep USPS Financially Viable by : Phillip Herr
Download or read book U. S. Postal Service: Network Rightsizing Needed to Help Keep USPS Financially Viable written by Phillip Herr and published by DIANE Publishing. This book was released on 2009-11 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recession accelerated declines in mail volume in FY 2008 and flattened revenues despite postal rate increases. That year, mail volume fell by 9.5 billion pieces, or 4.5%, and resulted in a net loss of $2.8 billion. USPS's financial condition has continued to deteriorate in the first 5 months of FY 2009, with accelerating declines in mail volume and financial losses. This testimony updates that info. and focuses on: (1) how USPS's financial viability is challenged given current economic conditions and whether USPS can cover its expenses and financial obligations; (2) USPS's opportunities to rightsize its retail and mail processing networks; and (3) what options and trade-offs need to be considered to address mail volume and revenue declines. Illus.
Book Synopsis U. S. Postal Service by : Phillip Herr
Download or read book U. S. Postal Service written by Phillip Herr and published by DIANE Publishing. This book was released on 2010-08 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Postal Accountability and Enhancement Act of 2006 required an evaluation of strategies and options for reforms of the U.S. Postal Service (USPS). USPS¿s business model is to fulfill its mission through self-supporting, businesslike operations; however, USPS has experienced increasing difficulties. Due to volume declines, losses, a cash shortage, and rising debt, the USPS was added to a high-risk list in July 2009. The objectives of this report were to assess: (1) the viability of USPS¿s business model; (2) strategies and options to address challenges to its business model; and (3) actions Congress and USPS need to take to facilitate progress toward financial viability. Includes recommendations. Charts and tables.
Author :United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Federal Workforce, Postal Service, and the District of Columbia Publisher : ISBN 13 : Total Pages :228 pages Book Rating :4.3/5 (91 download)
Book Synopsis Making Sense of it All by : United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Federal Workforce, Postal Service, and the District of Columbia
Download or read book Making Sense of it All written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Federal Workforce, Postal Service, and the District of Columbia and published by . This book was released on 2009 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Federal Workforce, Postal Service, and the District of Columbia Publisher : ISBN 13 : Total Pages :288 pages Book Rating :4.:/5 (318 download)
Book Synopsis Continuing to Deliver by : United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Federal Workforce, Postal Service, and the District of Columbia
Download or read book Continuing to Deliver written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Federal Workforce, Postal Service, and the District of Columbia and published by . This book was released on 2010 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Federal Workforce, Postal Service, and the District of Columbia Publisher : ISBN 13 : Total Pages :160 pages Book Rating :4.:/5 (327 download)
Book Synopsis Nip and Tuck by : United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Federal Workforce, Postal Service, and the District of Columbia
Download or read book Nip and Tuck written by United States. Congress. House. Committee on Oversight and Government Reform. Subcommittee on Federal Workforce, Postal Service, and the District of Columbia and published by . This book was released on 2009 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis U. S. Postal Service by : William B. Shear
Download or read book U. S. Postal Service written by William B. Shear and published by DIANE Publishing. This book was released on 2009-12 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Postal Service (USPS) is facing significant financial problems as mail volume is declining, 4.5% in FY 2008 and 11% projected for FY 2009. USPS lost $2.8 billion in FY 2008 and projects a $6.4 billion loss in FY 2009 (possibly more if it cannot cut $5.9 billion in costs). As one way to cut costs, USPS is trying to improve the efficiency of mail delivery, which generates close to one-third of USPS's $78 billion in expenses. Recognizing the sizable impact of delivery on USPS's finances and operations, this report addresses: (1) how USPS monitors delivery efficiency; (2) characteristics of delivery units that affect their efficiency; and (3) the status and results of USPS's actions to improve delivery efficiency, in particular USPS's Flats Sequencing System. Illus.
Book Synopsis U. S. Postal Service: Deteriorating Postal Finances Require Aggressive Actions to Reduce Costs by : Phillip Herr
Download or read book U. S. Postal Service: Deteriorating Postal Finances Require Aggressive Actions to Reduce Costs written by Phillip Herr and published by DIANE Publishing. This book was released on 2009-12 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Dec. 2006, the USPS had just completed FY 2006 with its largest mail volume ever -- 213 billion pieces of mail and a net income of $900 million. Two years later, USPS's mail volume dropped almost 5% -- the largest single-year decline. USPS was facing a potential net loss of over $1 billion for FY 2008. USPS anticipated continued deterioration due to the econ. slowdown, as the financial, credit, and housing sectors are among its key bus. drivers. The shifts in transactions and messages from mail to electronic commun. and from advertising mail to electronic media have affected the USPS's financial situation. This testimony focuses on: (1) USPS's financial condition and outlook; and (2) options and actions for USPS to remain financially viable. Illus.
Author :United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security Publisher : ISBN 13 : Total Pages :192 pages Book Rating :4.:/5 (318 download)
Book Synopsis Addressing the US Postal Service's Financial Crisis by : United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security
Download or read book Addressing the US Postal Service's Financial Crisis written by United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs. Subcommittee on Federal Financial Management, Government Information, Federal Services, and International Security and published by . This book was released on 2012 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis U. S. Postal Service's Financial Condition by : Kevin R. Kosar
Download or read book U. S. Postal Service's Financial Condition written by Kevin R. Kosar and published by DIANE Publishing. This book was released on 2010-11 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an overview of the U.S. Postal Service¿s (USPS) financial condition, recent legislation to alleviate the USPS¿s financial challenges, and issues for the 111th Congress. Since 1971, the USPS has been a self-supporting gov¿t. agency that covers its operating costs with revenues generated through the sales of postage and related products and services. Recently, the USPS has experienced significant financial challenges. Contents: (1) Background; (2) Financial Difficulties, FY 2006-09: (3) FY 2010 Financial Condition; (4) Issues for Congress: Increasing Revenues: Altering Postage Rates; Reducing Costs; Reducing Pension Costs; Reducing the USPS¿s Retail and Nonretail Facilities; Reducing Mail Delivery from 6 to 5 Days/Week. Illus.
Author :United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs Publisher : ISBN 13 : Total Pages :304 pages Book Rating :4.:/5 (319 download)
Book Synopsis Solutions to the Crisis Facing the U.S. Postal Service by : United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs
Download or read book Solutions to the Crisis Facing the U.S. Postal Service written by United States. Congress. Senate. Committee on Homeland Security and Governmental Affairs and published by . This book was released on 2013 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis U. S. Postal Service: Financial Crisis Demands Aggressive Action by : Phillip Herr
Download or read book U. S. Postal Service: Financial Crisis Demands Aggressive Action written by Phillip Herr and published by DIANE Publishing. This book was released on 2010-09 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Postal Service's (USPS) financial condition and outlook deteriorated significantly during FY 2009. USPS was not able to cut costs fast enough to offset declining mail volume and revenues resulting from the economic recession and changes in the use of mail, such as electronic bill payment. The USPS needs to restructure to improve its financial viability. Declines in mail volume and revenue, large financial losses, increasing debt, and financial obligations will continue to challenge USPS. This testimony provides: (1) info. on USPS's financial condition and forecast; and (2) the need for USPS restructuring. In addition, questions and issues are included for Congress to consider regarding USPS's proposal to reduce delivery from 6 to 5 days.
Book Synopsis U. S. Postal Service: Restructuring Urgently Needed to Achieve Financial Viability by : Phillip Herr
Download or read book U. S. Postal Service: Restructuring Urgently Needed to Achieve Financial Viability written by Phillip Herr and published by DIANE Publishing. This book was released on 2010 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Postal Service¿s (USPS) financial condition has worsened since Jan. 2009, with the recession and changing mail use causing dramatic declines in mail volume and revenues despite postal rate increases. USPS expects these declines to lead to losses and cash shortfalls even if ambitious cost-cutting is achieved. USPS¿s business model has relied on growth in mail volume to cover costs, but USPS has not been able to cut costs fast enough to offset the accelerated decline in mail volume and revenue. This testimony: (1) updates USPS¿s financial condition and outlook and explains the decision to place USPS¿s financial condition on the High-Risk List; and (2) presents options and actions that the USPS can take. Charts and tables.
