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Conducive and Convenient CPUs

Location, location, location ÔÇô itÔÇÖs the mantra of realtors, of course, but is just as important to retailers and service providers, like the U.S. Postal Service. USPS understands the importance of being where people live and shop. It also knows that keeping hours conducive to peopleÔÇÖs shopping habits increases customer traffic. Cue contract postal units (CPUs), which the Postal Service uses to supplement its 32,000 post offices around the country.

 
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Platinum Anniversary

Twenty years ago, E.R. was the number one TV show, Macarena topped the pop music charts, and Independence Day (the original) was the highest-grossing movie of the year. A stamp cost 32 cents, and, oh yes, the U.S. Postal Service Office of Inspector General (OIG) was created.

On September 30, 1996, President Clinton signed the amended Inspector General Act of 1978 to establish a separate enforcement and oversight agency for the Postal Service, moving that responsibility to the newly created and fully independent OIG.

 
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Keep on Truckin'

The American economy runs on trucks. Nearly 70 percent of all the freight tonnage in the United States moves on big rubber wheels. ItÔÇÖs not an overstatement to say that without the trucking industry and its drivers, the economy would come to a crashing halt.

But the trucking industry faces a projected shortage of 46,000 drivers in the next 3 years. ThatÔÇÖs a tough situation under any circumstances, but factor in the continued growth of ecommerce, which is putting a greater number of trucks on the road, and that driver shortage is even more alarming.

 

Surf's Up

The U.S. Postal Service’s foray into digital products is similar to the United States’ showing in international soccer tournaments. We start strong, but then fall behind the rest of the world powers.

 

Jenny Come Lately

Think stamps are only worth the paper they’re printed on? Philatelists will tell you to think again. The tiny One-Cent Magenta stamp, now on display at the National Postal Museum, recently sold for $9.5 million. 

Of course, that sole-surviving stamp of the British Guiana penny issues is the rarest stamp in the world. Other stamps deemed collectible by the philatelic community are also worth a pretty penny. 

 

Chart Toppers and Late Bloomers

Elvis is back in the building! Earlier this month, the U.S. Postal Service previewed the new Elvis Presley stamp that will be released in August as part of the popular music icons series of commemorative stamps that include the likes of Ray Charles, Janis Joplin, and Jimi Hendrix. 

 

A Golden Opportunity?

The U.S. Postal Service is best known for delivering the mail. But did you know it’s also the number one seller of the most widely used type of alternative financial service in the United States? We’re talking about money orders, which function like prepaid checks. The Postal Service sold a whopping 97 million of them with a face value of $21 billion in fiscal year 2014.

 

Getting Closer to Seamless Acceptance

Here’s the good news: Mailers accept and support the U.S. Postal Service’s Seamless Acceptance (SA) program. And here’s the bad news: Implementing the program hasn’t been very seamless.

Ongoing data integrity problems, among other concerns, have delayed full implementation of the program. We found evidence of inaccuracy in the data and mailers raised similar concerns, prompting them to ignore the data, according to our recent audit report.

 

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