Tag: USPS

Representatives of U.S. Postal Service managers say a new pay-for-performance system is working and that an added emphasis on midyear reviews is one positive effect of the program.

Officers of the National Association of Postmasters of the United States and the National League of Postmasters say that all postal managers received interim reviews this year.

The U.S Postal Service scored the best overnight delivery score ever in the history of the external First-Class Mail (EXFC) measurement program. The EXFC assessment, which is measured independently by IBM Consulting Services, was announced during the agency’s Board of Governors meeting in San Francisco.

Chief Financial Officer Richard J. Strasser, Jr. told the Postal Service’s Board of Governors meeting here today, that through Quarter 3 of fiscal year 2004, the Postal Service further reduced its debt and is on track to hold rates steady to 2006. Strasser cited increased productivity and a reduction in Civil Service retirement fund overpayments as the principal reasons for the positive outlook. He said that despite slight revenue declines, the Postal Service achieved a net income of USD259 million in Quarter 3 on revenues of USD16.6 billion. Productivity gains of 1.8 per cent were achieved by managing costs and employee complement.