How much does it cost to develop, print, ship, inventory, secure, sell, and cancel a stamp used to mail a letter? What about the stamps that are never sold? The Postal Service destroys billions of stamps each year because they are obsolete. In FY 2008, the Postal Service printed 37 billion stamps, which cost $78 million to print. In that same year, they destroyed old stamps, some of which were printed more than 10 years ago, that were valued at approximately $2.8 billion. Those stamps were printed, shipped, counted multiple times in various inventories, and finally shipped back for des
Like clockwork they arrive: Halloween, Thanksgiving, and then the SARC.
The SARC?! Yes, we submit our Semiannual Report to Congress, or SARC, in the late fall and spring each year. This SARC outlines our work and activities for the six-month period of April 1 through September 30, 2018,...Read More