On January 29, 2016 The Office of the Inspector General for the USPS published an audit report entitled, “Deceased Lessors.” In the report the OIG states that “The USPS did not always know which facility leases it had with deceased lessors and continued to pay some of them, and did not always maintain accurate lessor information in its facilities management system.”
Representative Cedric Richmond (LA- 2) Introduces “POSTAL Act of 2015”
On February 1, 2016 Rep. Cedric Richmond introduced in the House of Representatives H.R. 4422, the “Providing Opportunities for Savings, Transactions, and Lending Act of 2015.” The Bill would allow the US Postal Service to provide basic financial services including 1) small dollar loans, 2) checking accounts, 3) savings accounts, 4) services relating to international money transfers, and 5) other basic financial services as the Postal Service considers appropriate in the public interest.
Mr. David C. Williams, Inspector General of the US Postal Service OIG will be retiring on February 19, 2016. Mr. Williams has been the Inspector General since 2003. Deputy Inspector General Tammy Whitcomb will take over as acting IG.
As reimbursement for the free and reduced rates mandated by Congress, the USPS, through the annual Appropriations Bill, receives money from Congress for “forgone” revenue. The 2016 Omnibus Appropriations Bill will reimburse the USPS for $55,075,000 in forgone revenue in 2016. The section of the bill which calls for the payment to the USPS provides…
On September 17, 2015 Senator Tom Carper (D-DE) introduced Senate Bill 2051, named the “Improving Postal Operations, Service and Transparency Act 2015” (iPOST). The Bill, introduced in the Senate Committee on Homeland Security and Government Affairs, is the most recent Congressional proposal for comprehensive “postal reform” legislation. In addition to tackling such critical financial issues…
On Friday, October 16, 2015, the United States Postal Service announced its intention to increase shipping rates, effective January 17, 2016. The average cost for shipping would rise by 9.5% or approximately $5.50 per shipment. Priority Mail rates would increase by 9.8%, with prices ranging from $6.80 to $18.75, depending on box size. Rates for…
The provision of banking and similar financial services is not a new concept for the USPS. Postal savings accounts were available in US post offices from 1910 until 1967, and the US Postal Service still provides money orders. Postal banking is one of many non-postal services that have been suggested recently as a means of…
On Wednesday, October 14, the day after the Democratic Presidential debate, Senator Bernie Sanders (D-VT) spoke to the American Postal Workers Union All Craft Conference. Senator Sanders is a supporter of the Postal Service. Addressing the Conference, he talked about the need to preserve mail delivery standards and change the existing legal mandate for the…
If you could save a lot of money by changing the way you were planning to make a sizeable, expensive purchase, would you? At age 21+, the current fleet of USPS Long Life Vehicles (LLVs) is aging out of service. Out of the total 212,000 postal vehicles on the road, the Postal Service plans to…
The Postal Service is upgrading its fleet of vehicles with the purchase of 9,113 Ram ProMaster cargo vans. The 2016 model has more room for packages in its cargo area and is well-suited for snowy and slick road conditions. The Ram ProMaster is not a replacement for the over 21 year-old Long Life Vehicles (LLV),…