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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  • 13 hours 18 min ago
    Hello, Andrea. Thank you for your message. You can file a complaint with the Postal Service at https://emailus.usps.com/emailUs/iq/usps/request.do?forward=emailUs and select the "Postal Facility...
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    I am the Borough Administrator for Manville Borough, NJ. Our Mayor and elected officials are receiving numerous complaints from residents regarding the state of disarray at the Manville NJ post...

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