The Postal Service’s Financial Crisis

The Postal Service lost $2.8 billion in fiscal year (FY) 2008. This year, the Postal Service is concerned its loss could grow to $6 billion or more. Since the Postal Service is limited by law from borrowing more than $3 billion per year and the Postal Service started 2009 with only $1.4 billion cash on hand, there is a danger the Postal Service could face a liquidity problem as payroll and benefits alone are about $54 billion a year.

 

Voting by Mail

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More than 31 million ballots were expected to have been mailed in the recent 2008 election — nearly twice as many as in 2004. Voting by mail has expanded as more states offer “no excuses” absentee ballots or conduct elections through the mail. Oregon has voted by mail since 1998 and has saved 30 percent of its election costs by eliminating polling places.

 

24-Hour Parcel Service?

A recent presentation by Deutsche Post describes the German delivery and logistics company’s efforts to transform its retail network. One particularly interesting innovation is self-service Packstations. Like the U.S. Postal Service’s APCs (Automated Postal Centers), these kiosks allow customers to ship packages. However, Packstations also provide 24-hour access for parcel pickup. Customers can register to receive their packages at any packstation in the country. When the package arrives, the recipient receives an e-mail or text message.

 

Top 10 Postal Stories of 2008

As we start a new year, those of us helping on the Office of Inspector General blog thought it would be fun to reflect on the past year and pick our top 10 list of postal stories from 2008. We would like to hear your views. Take a look at the list and tell us what you like or don’t like. Tell us about any stories we missed and add whatever comments you think appropriate. In particular, we would like to know your pick of the top postal story for 2008, so take a minute and vote for the most important story by participating in the poll below.

 

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Recent Comments

  • 11 hours 17 min ago
    Issue today was at the Danville, VA post office located on Teague Court. I had to take our companies monthly bill out to the bulk mailing office. On my first trip, I found the door locked and all...
  • 14 hours 5 min ago
    Improved and consistent manual ramp reports are a good first step. But why isn't USPS willing to integrate the flight arrival data into an efficient electronic notification system? The Postal...

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