Economic Overview of the United States Postal Service
The United States Postal Service (USPS) is an independent government agency that offers mail and packaging services. In 2014, it delivered 155.4 billion letters and packages. It is estimated that it delivers more than 40% of the world’s mail. USPS is a self-sufficient agency that funds its operations through postage and fees. The Postal Regulatory Commission is assigned to set postal rates and regulate its operations As of February 2015, USPS employed 617,254 workers and it is the third largest civilian employer in the United States.
For 2014, USPS reported a total revenue of $67.8 billion and operating costs of $73.2 billion, for net operating loss of $5.5 billion. Their problems are not new. The firm has reported operating losses since 2006. Also, it faces declining demand of its mail delivery services, increased competition on the package delivery industry, high fixed costs, and currently operates at an excess capacity.
USPS provides domestic and international mail and package delivery
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Own-price elasticity is the percentage change in quantity demanded if the price increases by 1%. Price is said to be inelastic if the value is less than 1 and elastic if greater than 1. According to the U.S. Office of the Inspector General’s Analysis of Postal Price Elasticities (2013), USPS price elasticity has been inelastic for the last two-and-a half decades. Elasticity values have very consistently been less than 1. From 1997 to 2011, own-price elasticity for one of its dominant product categories, the First-Class Mail Single Piece Letters, Flats and Parcels, ranged from 0.175 to 0.262 (Bozzo. Capogrossi. Eakin. & Snrivassn. 2013).The firm’s price elasticity is inelastic. Their consumers are less sensitive to price increases and will continue demand their products at the same rate, despite a price
Organization Description: Steppingstone Theatre Corporation is a 501(c)(3) nonprofit organization located at Saint Paul, Minnesota and has focused on youth development through theatrical production and education. It has successfully serving the children and teenagers whose age are from 3-16, and providing them different kinds of opportunities to experience the theatres and enrich their knowledge while they are involving into the theatrical activities or classes. Since they have been at Saint Paul back into the 80s, the organization has served the people for almost three decades, and Steppingstone Theatre always concentrates on providing stage production with children in order to grow their interests toward theatres . Thus, it plays a vital
JC Penney’s was founded in 1902 by James Cash Penney and is now a multinational retailer, operating over 1000 department stores in 49 states and Puerto Rico. James Penney opened his original dry goods store in Kemmerer, Wyoming and named it the Golden Rule Store to emphasize his personal and business philosophy of treating others as he would want to be treated. The original dry goods store expanded to a department store, and was incorporated in 1924 in Delaware and traded on the New York Stock Exchange. JC Penney now sells a variety of family apparel and footwear, accessories, and fine and fashion jewelry.
Under the new reorganized procedures for the Postal Service, postal workers were now entitled to rights they never had before. They could bargain as a whole for wages, benefits and also working conditions. While they were still prohibited from striking, they managed to get a binding arbitration process for resolving contract disputes. The next year, five of the eight postal unions had joined together in the American Postal Workers Union (APWU). The APWU became part of one of the most successful public sector for union movements in American history.
The Unabombers Resolve and Outcomes The U.S postal system has been around since 1775, and it seems to be an effective and fast way to deliver packages and mail nationwide. People never think about opening their mail because they assume that it is safe to open and we seem to open it mindlessly and without thought. Yet in 1978, Theodore Kaczynski changed this, because of his education and his belief that technology would ruin the world, committed one of the most heinous acts of terror in history and he used the postal system to do it. Historical Context and Life
The greatest technology advancement of my time is the Tesla. The Tesla helps save our Earth and our money by not spending so much on gas. We are no longer spending so much money on gas and now we can save our money for things we really need. How did the transcontinental railroad economically impact the United States? The railroad economically impacted the US by decreasing the cost for transporting goods, increasing exports and imports, and expanding the US.
This was the aim to be able to meet targets and cope with environmental influences resulting in a decline of the traditional postal business. The companies aim were planned to transform the business and be able to focus on the growth of parcel deliveries, as this was a result of vast improvements in the productivity. Leading the company to lower its costs in the recent years, as it is expected to be more competitive and be able to sustain revenue growth. (http://www.thisismoney.co.uk/money/markets/article-3270365/Royal-Mail-fully-privatised-time-500-year-history-Government-divests-final-14-cent-stake.html) "Saving the Royal Mail 's postal service in the Digital age" (Richard Hooper CBE 2010, p.24).
The Stamp Act was a British tax that came directly from the colonies and it was not popular. A stamp had to be put on all the printed material produced in the colonies, due to needing money to finance the empire and putting British troops in North America. The colonists did not want a British army staying in America and were upset that the Stamp Act was imposed without the consent of the colony. People were so unhappy that the Stamp Act led to a riot in 1765 which then opened the door to 50 years of protest and political unrest throughout the Western world. It sparked the fight for liberty (for which the colonists felt violated), and various battles to increase liberty throughout
Explain the need for different types of mail services Mail services could include postal services such as Royal Mail, and an organisation having their own internal system or the use of a courier company. 5.3. Explain the factors to be considered when selecting mail
USPS Synthesis Essay The U.S. Postal Service has been around for quite some time. They compete with other companies such as UPS or Fedex as they are all known as the most popular postal services. Over time, society has changed due to the technology influences. With the influences, the U.S. Postal Services have encountered a total mail volume decreasing and a loss in revenue.
The rapid expansion of the railroad in the Midwest, during the late 1800s, was plagued with corruption and greed leaving the American farmers at the mercy of the railroad industry. In the years following the Civil War, the nation saw a boom in the agricultural and the railroad industries. American farmers were trying to prosper in the Midwest and the railroad industry was in steady progress to conquer the nation by rail service. The nonexistence of regulation and oversight over the railroad companies opened the door for businessmen and politicians to make a great deal of money. The American farmers saw major rate fluctuations in shipping cost for their products when moving it by rail service to the markets.
Price and demand of an item is significant viewpoint which must be considered by Toyota in promoting economy as price and demand impact purchaser what to purchase. Customer’s demands all the more in lower price and less at higher price. Price elasticity of demand is a measure of the greatness by which customers modify the amount of some item that they buy in light of progress in the price of that item Boyes and Melvin (2012). Price elasticity of demand will help Toyota to decide the amount an
Despite this many still depend on the USPS to get mail especially those who come from low income areas. This is a reason why the USPS should be restructured to meet modern needs and save money.
Porter’s article has strong analysis and provides persuasive examples to support his argument. He carefully explains the five forces and demonstrates how they affect the competition in business. For example, when discussing about rivalry among existing competitors, Porter briefly mentions about different forms of rivalries and its intensity. After that, he analyzes the situations that lead to different level of intensity in rivalry carefully. Porter illustrates that “ The intensity of rivalry is greatest if: Competitors are numerous or are roughly equal in size and power…Industry growth is slow…
Another disadvantage of the postal rule is that some people believe it to be outdated. In the age of more digital communication, some people may ask “why do we still use the postal
Postal Service and its employees, infrastructure, and customers; enforce the laws that defend the nation’s mail system from illegal or dangerous use; and ensure public trust in the mail” (Mission Statement, n.d.). In order to carry out its duties and responsibilities, the USPIS maintains a force of uniformed police officers who performs many protective functions, among those, are to escort high-value mail shipments and provide perimeter security to critical postal facilities (Mission Statement, n.d.). The Responsibilities of the United States Postal Inspection