{"id":598,"date":"2009-12-01T19:47:30","date_gmt":"2009-12-01T19:47:30","guid":{"rendered":"https:\/\/lexingtoninstitute.org\/?p=598"},"modified":"2015-02-03T13:57:58","modified_gmt":"2015-02-03T18:57:58","slug":"postal-trendwatch-q4-2009","status":"publish","type":"post","link":"https:\/\/www.lexingtoninstitute.org\/postal-trendwatch-q4-2009\/","title":{"rendered":"Postal TrendWatch — Q4 2009"},"content":{"rendered":"
The United States Postal Service (USPS) concluded FY 2009 with a $3.8-billion loss and a total cumulative debt of $10.2 billion. This was its third consecutive year of multibillion-dollar losses. The loss would have been even bigger had Congress not intervened to permit USPS to delay $4 billion in required payments to its retiree health-benefits fund. Both revenue and mail volume declined in 2009 compared to 2008.<\/p>\n
At the dawn of FY 2010, USPS is considering closures of under-utilized facilities and is proceeding with the full-scale rollout of its Flats Sequencing System to automate the processing of flat mail. The Service is also petitioning Congress for the right to cut delivery to five days a week and to offer non-postal products.<\/p>\n