As regular readers know, the Postal Service’s ongoing measures to implement elements of Postmaster General Louis DeJoy’s 10-Year Plan seldom are revealed directly to ratepayers or commercial mail producers. Rather, because of contractual obligations, information about facility changes and other matters having a potential impact on unionized employees is presented to the labor groups. In turn, that information is often…
Read MoreMonth: December 2023
USPS Financial Projections Show a Need to be Recalculated
As was widely reported last month after the Postal Service released it financial results for Fiscal Year 2023 (October 2022 through September 2023), the third year of Postmaster General Louis DeJoy’s 10-Year Plan, the agency’s anticipated and actual financial performance numbers are far apart. Projections On page 46 of The Plan, the agency charted its projected net losses totaling $159.8…
Read MoreThe Dog Ate My Homework
Everyone is familiar with “the dog ate my homework” as characterizing any proffered excuse that falls short of being an adequate explanation for the related circumstance. (Pity the poor kid whose dog really did eat his homework.) The latest example is in one of the Postal Service’s weekly news releases bragging about its “stable” service performance. In the December 11…
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