The Postal Service ( Usps ) - 1541 Words

Abstract Since 1971, the U.S. Postal Service (USPS) has been a self-supporting government agency that covers its operating costs with revenues generated through the sales of postage and related products and services. The USPS is experiencing significant financial challenges. After running modest profits from FY2003 through FY2006, the USPS lost $41.1 billion between FY2007 and FY2012. Since FY2011, the USPS has defaulted on $11.1 billion in payments to its Retiree Health Benefits Fund (RHBF). The agency has reached its $15 billion borrowing limit and is low on cash. In October 2012, the USPS bolstered its liquidity by withdrawing all of the cash from its competitive products fund. Background On the day July 26th, 1775, the U.S. postal system is established by the Second Continental Congress, with Benjamin Franklin as its first postmaster general. Franklin (1706-1790) put in place the foundation for many aspects of today’s mail system. During early colonial times in the 1600s, few American colonists needed to send mail to each other; it was more likely that their correspondence was with letter writers in Britain. Mail deliveries from across the Atlantic were sporadic and could take many months to arrive. There were no post offices in the colonies, so mail was typically left at inns and taverns. In 1753, Benjamin Franklin, who had been postmaster of Philadelphia, became one of two joint postmasters general for the colonies. He made numerous improvements to the mail system,Show MoreRelatedThe Postal Service ( Usps )1433 Words   |  6 PagesUnited States Postal Service (USPS). The USPS continues to struggle financially and has not shown a profit since th e year of 2007. Congress continues to place pressure to privatize the postal service and to run like any other organization. Unlike other for profit organizations and businesses the USPS receives benefits from Congress such as bailouts when they cannot meet payroll, and are exempt for paying federal and state taxes. On the other side of the coin, the Postal Service must go beforeRead MoreEssay on Usps: the Future of Postal Service619 Words   |  3 PagesUSPS: The Future of Postal Service Since December 2011, discussions have been made about different actions for the U.S. Postal Service to implement in order for the company to stay in business, provide service, and become financially stable again. Options of cutting its’ network of mail-processing centers in half have been in the mix. This will affect a substantial amount of employees who work in these centers. Businesses and citizens who rely on the postal service for communication and shippingRead MoreUsps Deficit : Problems Plaguing America s Postal Service3857 Words   |  16 Pages USPS Deficit: Problems Plaguing America’s Postal Service By Deborah Alicea Lauryn Famiano Enrique Gonzalez Minyi Huang MGT 231 Organizational Behavior Professor Linval Frazer September 4, 2014 Table of Contents Problems of USPS 1 Related Concepts 4 Recommandations 6 1. Innovating Technology System 6 2. Cutting Costs 7 3. Changing Business Model 9 4. Improving communication 10 Conclusion 11 Work Cites 12 Problems of USPS In today’s society the technology of smartphones,Read MoreThe United States Postal Service1644 Words   |  7 PagesThe United States Postal Service is a natural monopoly in the delivery of first class mail, as the 1970 Postal Reorganization Act prevents any other firms from delivering letter mail (Jaag, 2014). The reason for this was to allow one firm to specialize in mail delivery; therefore being the most efficient way to ensure the rest of the country received their mail on time. After all, receiving mail in a timely manner is critical for society to function. Imagine if everyone received their bills and lettersRead MoreMonopoly Of The United States Postal1483 Words   |  6 PagesMONOPOLY OF THE UNITED STATES POSTAL SEVICE There are few remaining monopolies today. Apple and Wal-Mart are both world-renowned monopolies. Another monopoly is the United States Postal Service. The United States Postal Service is a natural monopoly in the delivery of first class mail, as 1970’s legislation prevents any other firms from delivering letter mail. The reason for this was to allow one firm to specialize in mail delivery; therefore being the most efficient way to ensure the rest of theRead MoreUsps Case #11032 Words   |  5 PagesU.S. Postal Service Case 1 1. Why is it important for the U.S. Postal Service (USPS) to have a high volume of mail to process? The United States Postal Service (USPS) has grown to become the largest provider of mail service in the world during one of the peaks of its economic lifetime. As the company grew bigger and bigger to accommodate the increased demand for its services, the USPS increased its productive capacity through expansion by acquiring the necessary equipment and other technologicalRead MoreLaws Affecting The Agency Of The United States Postal Service1485 Words   |  6 PagesLaws Affecting The Agency When it comes to The United States Postal Service, I did not think they would have many court cases, especially dealing with diversity and mistreatment in the workplace. During my research, however, I was proven wrong. The Postal Service has had quite a few court cases, while many of them relate to ethical and discriminatory issues. Individuals have felt that the Postal Service sometimes judge applicants or workers by their lifestyle or ethnicity. This in turn shows badRead MoreSaving the USPS Through Privitization Essay example989 Words   |  4 Pagesand because of competitors like FedEx and UPS the United States Postal Service (USPS) is having financial problems. All over the world there has been sweeping postal reform. New Zealand moved to three day mail delivery, Canada eliminated home delivery in cities, and the United Kingdom recently privatized their mail system. The United States Postal office has been losing money and reported a loss of $15.9 billion dollars in 2012. The U SPS has been increasing stamp prices to make up for this financialRead MoreExternal/Internal Factors Affect the 4 Functions of Management1431 Words   |  6 PagesExternal/Internal Factors of an Organization Team B has decided to do our paper on the United States Postal Service. The reason for this is that this service utilizes each of the functions such as globalization, the newest technology, the best innovations, and diversity and ethics combined all in one great service we each use on a daily basis in one way or another. During the reading of this paper, one will find that the following has been researched and discussed: the explanation of the four functionsRead MoreBankrupt Or Billion Dollar Retirement Fund?1160 Words   |  5 Pagesbelieve that the USPS isn t going out of business. I Attention: Attention getter: Everyone wants to save money and everyone hates to see postage going up. You have probably been told that the reason is because the USPS is going bankrupt, but do you really know why? Purpose statement: By the end of today I hope you will consider doing one of the hardest things in your life; pick up a pen and paper and write a letter to each of your congressmen urging them to revise the postal accountability and