How Can the Postal Service Reduce the Costs Associated with Postage Stamps?

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

 

For Better or For Worse

Recently Glassdoor.com announced the winners of the second annual “Employees' Choice Awards” for Best Places to Work.

The Top 50 were selected from more than 37,000 companies reviewed by the nearly 100,000 employees who completed a 20-question survey on Glassdoor.com in 2009. Only companies who received at least 25 votes were included on the list. The survey questions relate to employees' attitudes about:

 

Top 10 Postal Stories of 2009

Those of us helping on the Office of Inspector General blog had so much fun last year we thought we would make the top 10 stories an annual event. We’ve provided the top 10 postal stories for 2009. Tell us about any stories we missed and add whatever comments you think appropriate. In particular, we would like to get your input on the top story, so take a minute and vote in the poll below.

[poll id="73"]

And now in reverse order . . . our top 10:

 

 

 

Pricing and Price Caps

The Postal Accountability and Enhancement Act of 2006 (PAEA) changed the way the Postal Service sets rates. It divided postal services into two broad categories: market dominant (mailing services) and competitive (shipping services). Market dominant products constitute about 90 percent of postal revenue. They include First-Class Mail, Standard Mail, Periodicals, and some Package Services. Products such as Priority Mail, Express Mail, and bulk Parcel Post are considered competitive. The PAEA placed a cap on price increases for market dominant products.

 

Total Factor Productivity (TFP)

When people try to discover whether the Postal Service is operating more efficiently or not, they often talk about TFP. What is TFP? TFP stands for Total Factor Productivity. It measures the ratio of the Postal Service’s outputs to its inputs, in other words, how much output the Postal Service produces with the inputs it uses.

 

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Recent Comments

  • 19 hours 55 min ago
    Many costumer do not rent a post office box, the reason being, one has to go away from home to collect their mail, given an option many costumer are willing to pay a monthly fee for such privacy...
  • 1 day 20 min ago
    If you don't make it the 90 days do you still get paid the vacation hours my stubs say I should get???

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