There’s gold in them thar hills. Black gold that is. And gas and minerals. It’s not likely to spawn a TV show, like The Beverly Hillbillies, but the U.S. Postal Service has some experience with oil and gas leases, and earning royalties from them.
No pain no gain. The U.S. Postal Service has reduced spending over the past decade but it has come with a downside, notably a reduction in service. Over the past decade the Postal Service has reduced labor costs by $10 billion, improved productivity, and generally reined in spending.
Back in the day, advertising mail volumes pretty much tracked the economy, declining in a bust and then rising when a boom eventually came along. But those days may be gone, as our recent white paper, Advertising Mail: Past and Present, indicates.
Yes, ad mail plummeted during the Great Recession, but volumes have lagged behind as the economy has improved.