FoxNews rates USPS #5 “business blunder” of 2010
No surprise that Fox News would rate the USPS as one of the top 5 “business blunders” of 2010. The item does at least point out that Congress is a big part of the problem- but it doesn’t mention that $8 billion of the USPS’s $8.5 billion deficit last year was due to Congressional mandates, not the “outdated procedures, infrastructure and staffing” that Fox blames:
5. United States Postal Service: A Failure of Management –It might seem unfair to start the list with a government bureaucracy. However, the USPS is that rare government bureaucracy that performs a valuable business service (as opposed to an administrative service) for everyone and doesn’t receive any tax revenue to operate. In other words, the USPS is supposed to function like a business.
Facing both technological and competitive obstacles, the USPS lost $8.5 billion in 2010. Part of the problem is that the USPS has 535 CEOs, otherwise known as Congress, who stymie any serious structural reform. But the USPS is also burdened with outdated procedures, infrastructure and staffing that fail to focus on real customer needs.
