The observations made by Postal Board of Governors Chairman Alan Kessler in Congressional testimony last year put the Postal Service’s economic situation in apt perspective. “First-Class Mail, particularly single piece First-Class Mail, is no longer growing steadily,” he said. “Standard Mail, which contributes significantly less than First-Class Mail to...

UNIVERSAL POSTAL UNION FACES TOUGH AGENDA UPU CONGRESS CONVENES IN GENEVA Member nations are preparing for the 24th Universal Postal Congress, from July 23 to August 12 in Geneva. Delegates from the UPU’s 191 member countries will deliberate issues facing the global postal sector. The full Congress meets every four years, and...

Remember the old Saturday Night Live skit about the First CitiWide “change bank” that does nothing but make change? Our customers ask us how we make a profit, quips the bank’s spokesman. “The answer is simple -- volume.” As laughable as this dubious business plan sounds, it bears many similarities to...