Postal coalition and labor stakeholders collectively seek relief in 2020 appropriations December 12, 2019 – On behalf of Postal Service business and labor stakeholders – who collectively generate $1.5 trillion in sales, and support more than 7 million private-sector jobs, and more than 600,000 Postal Service employees – we respectfully request language to repeal the […]
12/5/2019 Senate Introduces Companion Repeal Bill, House Bill Reaches Critical Mass note: USPS Fairness Act would eliminate financial requirement responsible for 90% of Postal Service’s losses. The USPS Fairness Act would eliminate the pre-funding requirement. Advocates claim that it could single-handedly put the Postal Service out of the red and into the black. The bill […]
WASHINGTON, June 7, 2018 – Sen. Bernie Sanders (I-Vt.) outlined his plan to strengthen the United States Postal Service in a letter Thursday to Treasury Secretary Steven Mnuchin, the chairman of the president’s task force on the Postal Service. “Unfortunately, for decades, the Postal Service has been under attack by those who want to profit […]
10/2/2017 Similar to prior years since 2012, USPS did not make mandated end-of-year payments to prefund retiree health benefits. In addition, USPS did not make payments on liabilities to the Federal Employees’ Retirement System and the Civil Service Retirement System. The Postal Service will continue to deliver the mail and will pay employees and suppliers, […]
Net loss for quarter of $1.6 billion Continued double-digit growth in revenue and volume in the Shipping and Packages business Enactment of postal reform legislation remains urgently needed WASHINGTON — Excluding a change in accounting estimate recorded during the quarter, the U.S. Postal Service reported operating revenue of $16.6 billion for the third quarter of […]
Operating revenue grew 4.7 percent to $17.7 billion Controllable income totaled $576 million; net loss of $2.0 billion reported Postal Service revenue benefited from exigent surcharge, which expired on April 10, 2016 Legislative reform and focus on innovation and efficiency remain necessary WASHINGTON — The U.S. Postal Service reported operating revenue of $17.7 billion for […]
According to a report filed with the Postal Regulatory Commission, the U.S. Postal Service reported operating revenue (without the mandatory prefunding for healthcare) of $248 million for the month of February of fiscal year 2016, an increase of $172 million over the same period last year. Net income for February (mandatory prefunding for healthcare) the was […]
USPS OIG White Paper: Considerations in Structuring Estimated Liabilities Be Careful What You Assume: Postal Service closer to being fully funded, or potentially overfunded February 16, 2015 – What if your credit card company told you: “You will charge a million dollars on your credit card during your life; please enclose the million dollars in […]
Republican attack against the United States Postal Service grows, as the do-nothing Congress down make your mail delivery significantly slower. Ed Schultz and Sen. Bernie Sanders discuss.
How bad is the outlook for the Postal Service? Ronald Stroman, deputy postmaster general, doesn’t hesitate. We’re defaulting on our retiree health benefit obligations, he explains. We owe the Treasury $15 billion, he says. First class mail volume is declining about 4 percent a year, he notes. The Post Office should spend about $10 billion […]