Top USPS Transportation Contracts for FY 2001
Top USPS Transportation Contracts for FY 2001
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US Postal Service Must Deliver
The post office delivers 689 million pieces of mail per day, and letter carriers each haul 42 tons per year. Most Americans–98%–continue to pay their bills by mail. Yet those vital services are jeopardized by the Postal Service’s shaky finances. The General Accounting Office has labeled the postal system “at risk,” and Postmaster General John Potter projects a deficit of $2 billion to $3 billion for 2003.
Internal reform as well as congressional legislation is urgently needed. Indeed, even as it prepares to raise rates in June, the post office will submit a blueprint “Transformation Plan” to Congress this week.
Read MoreUS Postal service to revamp mail system
The U.S. Postal Service next week will announce a plan to restructure the nation’s mail system to make it operate more like a private business.
Postal Service officials say the planned revamping of mail service could have a broad effect on the $900-billion-a year mailing industry, affecting everything from the way people choose to send correspondence to thousands of postal jobs.
The most likely scenario would allow Postal Service administrators to decide rates and service changes without the nearly year-long regulatory procedure currently required by the agency’s 1970 charter.
US post office to give rate decision
The post office appears headed for a midsummer rate increase – perhaps 3 cents more to mail a letter – after winning near-unanimous agreement from businesses and organizations that usually fight vigorously to prevent higher postal rates. Without the usual opposition, the independent Postal Rate Commission gave speeded-up consideration to the Postal Service’s request for new rates. The commission was issuing its decision Friday.
Read More3-cent US postal rate hike approved
From birthday cards to bank statements, charitable appeals to newspapers and magazines, it’ll cost more to send mail starting in midsummer.
The increase _ including a 3-cent boost to 37 cents for first-class mail _ could come as soon as June 30, giving the cash-strapped postal service a boost as it tries to cope with declining business and hundreds of millions of dollars in costs from the terror attacks last fall.
All that remains is for the Postal Service’s governing board to set the date.
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