Prepared Remarks of Paul Steidler to U.S. Postal Service Board of Governors, Temporary Emergency Committee August 9, 2019 Meeting Governor Duncan, Postmaster General Brennan, Governors Williams and Stroman, thank you for this opportunity. I will be addressing the Universal Postal Union situation. For decades US businesses have faced a significant competitive disadvantage to China, and [Read More...]
Use Small Ball To End Washington’s Gridlock (From InsideSources) Small ball is when a baseball team employs a strategy to grind out a run or two. It is particularly valuable for helping teams break out of slumps. On August 1, the Senate took an important step in overcoming the [Read More...]
U.S. Must More Aggressively Combat Counterfeit Products (From InsideSources) Counterfeit products cost U.S. businesses more than $100 billion annually. They exploit consumers and pose health and safety risks, especially to children. With e-commerce accelerating, and 70 percent of counterfeit products originating in China and Hong Kong, it is important [Read More...]
The Postal Service Is Undercutting US Trade Interests — It’s Time To Level The Playing Field (From The Hill) Because of international postal rates, it costs far less to send small packages (4.4 pounds or less) from China to the United States than to send those packages within the U.S. This means U.S. manufacturers, retailers and e-commerce companies lose [Read More...]
Postal Service Losses Sharply Accelerate The U.S. Postal Service had a net loss of $5.2 billion through May for fiscal year 2019, nearly $2 billion, or 61%, worse than budgeted. Even more disconcerting, the Postal Service, whose fiscal year ends September 30, is on track [Read More...]
Terminal Dues v. U.S. Domestic Postage – 2019 How much of a discount do foreign-based shippers receive when sending mail and small packages (aka terminal dues items) to the United States? It is as much as 65 percent compared with U.S. domestic Postal Service customers. We thank renowned [Read More...]
A First Step To Cut The China Trade Deficit (From InsideSources) With or without China’s cooperation, the U.S. is poised to soon notch an important victory in the trade war against China and send a firm message that we will cut our trade deficit. Winners will include U.S. e-commerce businesses, manufacturers [Read More...]
Postal Reform Negligence Threatens Public Safety (From InsideSources) Postal reform is important for public safety. This has been largely overlooked as postal reform legislation languishes. With the Postal Service’s financial position becoming increasing untenable, and the threat of a liquidity crisis rising, it is important to take stock [Read More...]
U.S. Postal Service’s Plummeting Cash Position: Key Things To Know The U.S. Postal Service’s cash position is rapidly deteriorating, making a near-term liquidity crisis increasingly likely. This means mail and package delivery would be disrupted or even grind to halt, among many other problems. The Postal Service has 29 percent [Read More...]
Frozen Federal Debt Ceiling Perilous For Postal Service The U.S. Postal Service loves to say it “receives no tax dollars for operating expenses” and relies on sales to fund operations. It shies away, though, from discussing a $15 billion low-interest line of credit from the U.S. Department of [Read More...]
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