Tough economic times hurt post office (U.S)
The U.S. Postal Service could lose about USD 2 billion this year due to tough economic times, and it needs to change to meet the demands of the public, Postmaster General John Potter said Monday (25th August).
Potter told the National Association of Postmasters of the United States at their convention in St. Louis that the postal service is grappling with issues that many businesses are facing — like how to handle high fuel prices.
Potter praised postmasters and postal workers for their commitment to service and reliability, but said more needs to be done to reduce bureaucracy, cut costs and embrace technology.
Postage rates rose a penny in May to the current 42-cent price. Another increase is expected next May, with the amount to be announced in February. Any increase is limited to the rate of inflation.
Potter said Monday improvements to the postal service’s Web site and better bar-code technology for mail should yield improved results. He said there are also opportunities to increase the amount of advertising that’s done through the mail, and said working with small and mid-sized businesses was the postal service’s biggest opportunity for growth.
