Author: Steve Kearney
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Dead Tree Edition
D.Eadward Tree @DeadTreeEdition FollowingFollowing @DeadTreeEdition More “Why the ink is red for the U.S. Postal Service” – a breakdown of expert insights from a former #USPS exec: https://www.linns.com/news/us-stamps-postal-history/why-the-ink-is-red-for-the-u.s.-postal-service 6:15 PM – 14 Jun 2019
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Why the ink is red for the U.S. Postal Service–Linn’s
Why the ink is red for the U.S. Postal Service Jun 13, 2019, 1 PM U.S. Postal Service mailbox. Image courtesy of USPS. Washington Postal Scene by Bill McAllister Few former postal officials have as much experience as former executive Stephen M. Kearney. From running the United States stamp program to managing pricing and mail…
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Alliance Study Examines Drivers of USPS Cost Growth–Mailers Hub News
Alliance Study Examines Drivers of USPS Cost Growth June 10, 2019 An article in the Alliance of Nonprofit Mailers’ June 5 Alliance Report dug into the current trend of USPS costs outrunning USPS revenues. The report’s findings revealed that the Postal Service may be doing things that an institution with financial challenges like those facing…
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Why Are USPS Costs Outpacing Its Revenues?
June 5, 2019 (Hint: It’s Not a Business) The main financial problem for the Postal Service is that its costs are increasing faster than its revenues. Of course, costs outrunning revenues means business failure. Through April 2019, USPS operating costs are up 6 percent, while revenues have grown 1.7 percent. Allowed to continue, that is…
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USPS Holding Less Cash, but has Improved Liquidity
June 5, 2019 The USPS Form 10-Q for the period ending March 31, 2019 was submitted to the Postal Regulatory Commission on May 9. One of the interesting things it documents is cash and cash equivalents of $8.1 billion on March 31. This might have alarmed some because it’s down from $10.1 billion on September…
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Second Nominee for PRC
June 5, 2019 Ashley Poling will be nominated to be a Postal Regulatory Commission by President Trump. She will join Ann Fisher, Director of the PRC Office of Public Affairs & Government Relations, as the candidates to replace outgoing Commissioners Tony Hammond and Nanci Langley, whose holdover years end in October and November. The good…
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Alliance Notes
June 5, 2019 May 20, 2019 – Printing Impressions – Printing, Mailing Industry Voice Concerns Over Crippling Rate Hikes to Combat U.S. Postal Service Dire Financial Condition May 22, 2019 – Royal Mail – Royal Mail to invest around £1.8 billion in UK over five years May 23, 2019 – Extreme Tech – Ford Shows…
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USPS Financials Drop as Rates and Economy Increase
May 22, 2019 On May 10, the Postal Service reported its financial results for the second quarter of its fiscal year 2019 – January, February and March. The results were very bad – a $2.1 billion loss – in spite of “aggressive management actions” that Postmaster General Megan Brennan said the agency is taking. Two-thirds…
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USPS Management Working on a New Ten-Year Plan
May 22, 2019 Postal customers await the next chapter in the effort to stabilize and ensure a future for the USPS. It likely will come with the early-July release of a new “ten-year plan” being developed by Postal Service management. Unlike the President’s Task Force, the development of this plan is being done inside USPS…
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Union Urges Employees to Ignore USPS Survey
May 22, 2019 The American Postal Workers Union told its members on May 21: “Don’t Let the Postal Service Take Your Pulse!” Depending on their occupation, the 200,000 APWU members belong to the Clerk, Maintenance, Motor Vehicle, or Support Services divisions. “It is that time of the year when the Postal Service wants to take…