Is the U.S. Postal Service a business or a public service organization? Well, it’s actually both, and those overlapping – and sometimes conflicting – obligations have created major challenges for the agency over the years.
With a large network of facilities and post offices, and yet mail volumes in decline, the U.S. Postal Service finds itself with a good deal of unused capacity. The dynamics over closing and consolidating facilities has raised the question of whether there are other uses for them. Further, the Postal Service could still own the facilities even after it closes or consolidates operations. Rather than sit empty, could the Postal Service use some of that capacity in non-traditional ways to generate additional revenue?
The U.S. Postal Service is one of the largest real estate owners in the United States with more than 8,600 facilities and 950 million square feet of land. (The Postal Service leases another 24,600 facilities.) It also has about 357 unused land parcels with no structures on them, which have a book value of $128 million. The lands’ assessed values are likely to be significantly higher.
This is the second topic in our "Five Elements of a Postal Solution" blog series. Link to last week's topic.
Link to the March 13 blog by Cliff Guffey.
Link to the March 14 blog by Alan Robinson.
Link to the March 15 blog by John Callan.
Link to the March 16 recap.
The Postal Service Network of the Future
Should the Postal Service be a competitive business, an enabling infrastructure, or something in-between?
This is the first in our "Five Elements of a Postal Solution" blog series.
Link to the blog by Richard Kielbowicz.
Link to the blog by Steve Hutkins.
Link to the blog by James Campbell.
Link to the recap of the week.