USPS? – Why not use UPS or FedEx instead? The business case for doing so is clear – the company is more cost-effective. Moreover, companies would get tired of refunding USPS packages because they take days to arrive. It’s also a shame that USPS ignores the needs of people who don’t have cars, have disabilities or live in crime-ridden areas. So, what should businesses do?
The U.S. Postal Service has more than 600,000 employees, but its costs far exceed its revenues. Its legal monopoly over letters makes it difficult for new competitors to enter the postal market, which can improve quality and reduce costs for consumers. This is not sustainable in the long run. Therefore, Congress should make incremental reforms to USPS’s costs and prepare for privatization. It can start by looking at European postal services and the success they had.
The U.S. Postal Service is the largest package delivery company in the world. It has a diverse network of delivery locations in the United States and in more than 150 countries. With more than 31,000 retail locations, it is also convenient to pick up and drop off packages at your daily mail carrier. Its employees are highly-trained, and the postal service’s packages are insured. And, if you’re in need of urgent parcel delivery, you can also send your packages through UPS’s domestic and international mail services.
The United States Postal Service is run by a Board of Governors, which is akin to a corporate board of directors. Nine members are appointed by the President and confirmed by the United States Senate. The tenth member is the United States postmaster general. In his capacity as the chief executive officer, he oversees the day-to-day operations of the service. The last seat is filled by the Postmaster General or a deputy postmaster general.