USPS comments on recent AP story

USPS – September 08, 2017

Under our current business model we cannot generate enough revenue to pay all of our legally required bills because most of our costs are dictated by law, and we have very limited legal authority to fund those costs by raising prices or by introducing new products. In addition, our financial condition has worsened this year as volume declines have accelerated. Given these facts, we would prefer not to speculate on the precise level of price increases that would be necessary to enable the Postal Service to pay all of our bills in the event Congress does not enact postal reform legislation. That said, we continue to believe our problems are serious, but solvable, and that a combination of aggressive management of the business, as well as legislative and regulatory reforms, will be required. Suffice it to say, however, that if any one of these strategies is eliminated, then much more intense pressure will be brought to bear on the remaining strategies.

One Response to "USPS comments on recent AP story"

  1. Postal Joe   September 12, 2017 at 4:00 pm

    The last sentence of their response says, “That if any one of these STRATEGIES is eliminated, then much more intense pressure will be brought to bear on the remaining strategies.” Are they kidding…are the hopes of postal reform legislation one of these so called strategies?? What kind of business would bank on legislation as a business strategy, particularly a law that would swindle retirement monies away from the retirees that made that business successful during their working careers?? Instead of waiting around for something that may never happen, the USPS needs to explore REAL business strategies such as the introduction of real innovative ideas that will make money for their business!!

    Good post Postal Joe – thoughts such as; gaining the ability to sell advertising on stamps, trucks, wherever – therein lies billions of dollars.

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