Finances Stabilize, or Maybe Not

It’s hard to know whether the U.S. Postal Service should have as its theme song “We’re in the Money” or “Brother, Can You Spare a Dime?” Its just-released financial results for the first quarter of fiscal 2016 suggest both are accurate – depending on how you read the statements.

 

What should be the top priority for capital investment?

For the first time in years, the U.S. Postal Service has money to invest in its future. Postal officials have said they expect to spend about $2 billion on capital projects in 2015.

There’s a good chance most of that investment will go toward revamping the 190,000-vehicle fleet – one of the Postal Service’s most pressing needs. Our audit work found that the Postal Service’s vehicle fleet is adequate for delivery needs only until about 2017.

 

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Recent Comments

  • 1 day 7 hours ago
    I have been working Amazon Sunday for a year now. I am required to exit my vehicle on the right side of the road, and cross over the street to deliver parcels. This is about 50 percent of my...
  • 1 day 21 hours ago
    Thank you for your comment regarding the use of rail. Please search for the reports we issued about the use of rail to move mail: Suitability of Rail Transportation – New Jersey Network Distribution...

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