Click me
Transcribed

The Decline of the US Post Office

The Decline of the US Post Office Net Gain $5,000 or Loss (in millions) 2007 2008 2009 2010 2011 2012 $0 2002 2003 2004 2005 2006 -$5,000 -$10,000 In 2012, the USPS reported a net loss from operations of $15.7 billion dollars. -$15,000 In 2013, first class Annual Income (in millions) $80,000 stamps will cost $.46 $70,000 $60,000 Shipping & Packages Other Mail Services $50,000 International* Periodicals $40,000 Standard Mail $30,000 $20,000 First Class Mail $10,000 $0 2002 2004 2005 2003 2006 2007 2008 2009 2010 2011 2012 *Due to variable information reporting, The cost First class The cost The cost The cost The cost USPS was given the authority to directly adjust prices and products in response to market conditions international mail is of first stamps of first of first of first of first represented differently during the years class rose to class class class class stamps $.39 stamps stamps stamps stamps 2007-2009 rose to rose to rose to rose to rose to $.37 The forever $.41 $.42 $.44 $.45 stamp was issued 80,000 Other Operating Expenses Annual Transportation Expenses (in millions) Retiree health benefits and PAEA Prefunding 60,000 Worker's s comp |Health Benefits 40,000 Retirement 20,000 Employee Compensation $0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 PAEA Congress PAEA *Postal Accountability and Enhancement (PAEA) Act requires the USPS to prefund payment payment deferred health benefit obligations for future retirees rather than paying costs as they occur PAEA Congress PAEA was $5.4 was $5.6 $4 billion billion payment deferred was $5.5 full $5.5 billion payment was $11.1 billion billion of the billion PAEA PAEA payment resulting Labor force was reduced in a $1.4 billion payment Mail Volume by 115 million work hours, the equivalent of 65,000 positions. 250,000 expense 200,000 (in millions of pieces) 150,000 Other Periodicals Standard Mail 100,000 50,000 First Class Mail 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 First class mail is the most profitable mail type with nearly 50% profit on each item. Mail rates for periodicals does not cover the full expense and the USPS incurs a 25% loss on these items © Flapjack Media Sources: US Post Office and USPS Office of the Inspector General

The Decline of the US Post Office

shared by flapjackmedia on Jan 15
1,519 views
0 shares
0 comments
Comparing 10 year trends in US Post Office income, expenses, and mail volume

Category

Business
Did you work on this visual? Claim credit!

Get a Quote

Embed Code

For hosted site:

Click the code to copy

For wordpress.com:

Click the code to copy
Customize size