USPS is consolidating mail processing facilities as part of its transformation. We found that USPS's estimates of the costs of these proposed consolidations met some best practices but could more robustly analyze risks.
https://t.co/ZKFa9jyyi5
USPS noted some progress as its controllable loss/income (i.e. loss/income w/out pension and workers’ compensation expenses, which USPS defines as out of their control) fell from -$350M last July to -$182M this July.
As of the end of July, #USPS’s revenue (+1.7% YTD) and expenses (+3% YTD) increased, while volume decreased (-3.8% YTD). USPS’s net loss for July is almost -$1B with the YTD net loss just over $7B (1/2)
In July 1969, Apollo 11 astronauts Neil Armstrong and Buzz Aldrin landed a spacecraft named Eagle on the Moon. #USPS issued two stamp designs on the 50th anniversary. One, Aldren in his spacesuit and the other, the landing site in the Sea of Tranquility.
New #USPS stamp prices take effect this Sunday, July 14, the 5th increase since July 2022. Among other increases, a Forever Stamp will go up from 68 cents to 73 cents.
Today in 1899, an electric automobile was tested for mail collection in Buffalo, NY. #USPS now plans to have the largest electric vehicle fleet in the country. For more on USPS's efforts, see our recent report: https://t.co/fjYD0ZT1oe
Federal agencies are required to address climate vulnerabilities and environmental justice in managing their buildings and other real property. Today we published a report on steps 13 agencies are taking to address these issues.
https://t.co/6bpahgNOid
Get ready to look at a lot of numbers: As of the end of May, #USPS’s revenue (+1.7% YTD) and expenses (+1.9% YTD) increased, while volume decreased (-4.5% YTD). USPS’s net loss for May is over -$1.3 billion and the YTD net loss is now almost -$4.9B.
Still time for Father’s Day dad jokes—the key to these is delivery! What travels the world but stays in one corner? (stamp) What has more letters than the alphabet? (Post Office) Hear about the letter with no stamp? (You wouldn’t get it)
Forever stamps haven’t been around forever. Remember going to the post office with mail that needed a few extra cents in postage? On this day in 2015, Forever stamps were first issued—much more convenient and cost only 41 cents back then.
Crimes against #USPS employees and property have risen in recent years, particularly robberies targeting letter carriers. This puts their safety and our mail at risk. #USGAO looked at these pressing issues—see the findings and recommendations here: https://t.co/lJrLeCnXhP
In April, #USPS's revenue increased (+1.8% YTD) while volume fell (-5.2% YTD) and expenses inched up (+0.5% YTD). Package volume and revenue both grew, while other mail items (like letters, marketing mail) lost volume but had higher revenue.
April prelim financial results are in for #USPS: $53M net loss, a lot less than planned (-$291M) or last April’s (-$641M). A big part of that lower net loss was a big swing in workers’ compensation non-cash expense from a $35M expense last April to a $623M benefit now.
An act of Congress on May 24, 1888 declared that eight hours constituted a day's work for letter carriers and that a letter carrier was entitled to extra pay for working more than eight hours.
Today in 1918, the Post Office Department scheduled the first air mail route. Now, as part of its Delivering for America plan, #USPS is shifting mail from air to surface networks. For more on USPS's implementation of this plan, see our latest report: https://t.co/AjBt68OSp8
Yesterday was #MothersDay. Do you need to send an “apology” card to Mom via #USPS? Don’t blame USPS—yes, their service standards have been relaxed lately, but it wasn’t their fault you didn’t send a card on time.
#USPS just delivered their mid-FY24 results. Small changes from last FY—revenue, expenses, and net loss all up by about 1%. Total mail volume continues to decline– down 5.9% vs. the first half of FY23. For more on USPS's financial condition, see our primer https://t.co/6bQlXzCav5
Unlike the price of a Forever Stamp—up from 55 cents in January 2021 to 73 cents soon—our reports are free! However, our reports won’t get your birthday card through #USPS’s network. Why the price hike? Click on the link to find out more: https://t.co/fWVtwqSJV2