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U S Postal Service Network Rightsizing Needed To Help Keep Usps Financially Viable
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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.
Author :United States Government Accountability Office Publisher :Createspace Independent Publishing Platform ISBN 13 :9781719267380 Total Pages :34 pages Book Rating :4.2/5 (673 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 2018-05-18 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: U.S. Postal Service: Network Rightsizing Needed to Help Keep USPS Financially Viable
Book Synopsis U. S. Postal Service by : U S Government Accountability Office (G
Download or read book U. S. Postal Service written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Government Accountability Office (GAO) is an independent agency that works for Congress. The GAO watches over Congress, and investigates how the federal government spends taxpayers dollars. The Comptroller General of the United States is the leader of the GAO, and is appointed to a 15-year term by the U.S. President. The GAO wants to support Congress, while at the same time doing right by the citizens of the United States. They audit, investigate, perform analyses, issue legal decisions and report anything that the government is doing. This is one of their reports.
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 17 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis U. S. Postal Service: Broad Restructuring Needed to Address Deteriorating Finances by : Phillip Herr
Download or read book U. S. Postal Service: Broad Restructuring Needed to Address Deteriorating Finances written by Phillip Herr and published by DIANE Publishing. This book was released on 2010 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
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 2011-05 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Postal Service's (USPS) financial condition and outlook are deteriorating because revenues are not sufficient to cover its expenses and financial obligations. These challenges continue to threaten USPS's financial viability. USPS also faces cost pressures from maintaining a national network of processing, retail, and delivery operations. This testimony discusses: (1) updated information on USPS's financial condition and outlook; and (2) actions needed to modernize and restructure USPS. Charts and tables. This is a print on demand edition of an important, hard-to-find publication.
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.
Book Synopsis U. S. Postal Service (USPS) by : Phillip Herr
Download or read book U. S. Postal Service (USPS) written by Phillip Herr and published by DIANE Publishing. This book was released on 2011 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: The USPS recently reported that its financial results for the first half of this fiscal year -- a net loss of $2.6 billion -- are worse than projected. USPS expects continued financial challenges as mail volume continues to decline. Most notable is the decline of First-Class Mail (its most profitable mail) by over 25 billion pieces, or about 25%, over the past decade. There have been reports on proposals to revise USPS pension and retiree health obligations, but such actions alone will not be sufficient to address the accelerating volume decline and changing use of the mail. This statement discusses: (1) why it is important to restructure USPS's networks; and (2) what actions are needed to facilitate additional progress. Illustrations. This is a print on demand report.
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 by : U S Government Accountability Office (G
Download or read book U. S. Postal Service written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-06 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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. GAO testified in May to this subcommittee that USPS expects these declines to lead to a record net loss and an unprecedented cash shortfall even if ambitious cost cutting is achieved. GAO reported that maintaining USPS's financial viability as the provider of affordable, high-quality universal postal service will require actions in a number of areas, such as (1) rightsizing its retail and mail processing networks by consolidating operations and closing unnecessary facilities and (2) reducing the cost and size of its workforce, which generates about 80 percent of its costs. Today GAO is releasing its report on USPS efforts to improve the efficiency of delivery. Delivery accounts for nearly half of USPS salary and benefit costs. This testimony (1) updates USPS's financial condition and outlook and explains GAO's decision to place USPS's financial condition on the High-Risk List and (2) discusses the need for USPS to restructure its mail processing, retail, and delivery networks and its efforts to improve their efficiency. It is based on GAO's past and ongoing work and updated USPS information.
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 :132 pages Book Rating :4.0/5 ( download)
Book Synopsis The Three R's of the Postal Network Plan 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 Three R's of the Postal Network Plan 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 132 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: 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. 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:
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:
Book Synopsis Reinventing the Postal Sector in an Electronic Age by : Michael A. Crew
Download or read book Reinventing the Postal Sector in an Electronic Age written by Michael A. Crew and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: This compilation of original essays by an international cast of economists, regulators and industry practitioners analyzes some of the major issues now facing postal and delivery services throughout the world as competition from information and communication technologies (ICT) has increased. Competition has become increasingly important in the postal sector for some time in the form of alternative entrants providing mail delivery. However, the competition from ICT in the form of email and instant messaging, the Internet, Facebook and other forms of social networking and portable wireless devices such as the iPad and Kindle may be even more significant. Mail volumes are falling and the economies of scale that have made possible daily deliveries to every address are being eroded. This book assesses volume these declines resulting from this so-called eSubstituion and looks at the ways the postal sector can adapt to the rapid changes resulting from ICT. The impact of electronic invoicing on transactions mail, and the impact on bulk mail of electronic forms of advertising are examined. Strategies, including pricing and access policies, are discussed in the context of the increasing impact of ICT. A rethinking of the role of mail in an electronic age is taking place and this book provides the cutting-edge of this rethinking and the attempts of POs to reinvent themselves while continuing to meet the public s expectation of continuing ubiquitous daily deliveries of traditional mail products. Undergraduate and postgraduate students and researchers in regulation, competition law, innovation and public sector economics along with institutional libraries and industry professionals will find this volume informative and useful.
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.
