Postal Service uses innovation to increase revenues but also needs Congress »

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Postal Service uses innovation to increase revenues but also needs Congress ».
The number of first-class mail pieces dropped by 2.8 billion pieces and mandates that require the Postal Service to pre-fund health benefits for future retirees, helped account for a $5 billion net loss. Meanwhile, the Postal Service’s packaging service business added 210 million more packages that helped increased revenues in that department by 8 percent to $12.5 billion.

 

Operationally, the business has become more lean and has consolidated operations but needs help from Congress to make net losses disappear.

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Perhaps part of the strategy should be on preserving and growing First Class and Standard mail volumes rather than giving up on them.

 

Written by Lisa.Bowes

October 27th, 2014 at 9:41 am

Posted in USPS

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