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Tuesday, Mar 31, 2009
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SIZE AND SCOPE
The U.S. Postal Service® delivers more mail to more addresses in a larger geographical area than any other post in the world. We deliver to more than 149 million residences, businesses and Post Office BoxesTM in every state, city, town and borough in this country, as well as to American Samoa, Federated States of Micronesia, Guam, Palau, Northern Mariana Islands, Puerto Rico, Republic of Marshall Islands and U.S. Virgin Islands.
By the Numbers
| 75 billion |
Revenue in 2008, in dollars |
| 203 billion |
Total mail volume processed in 2008, in pieces |
| 667 million |
Average amount of mail processed each day |
| 28 million |
Average amount of mail processed each hour |
| 463,000 |
Average amount of mail processed each minute |
| 7,700 |
Average amount of mail processed each second |
| 46 |
Percentage of the world's card and letter mail volume handled by the United States Postal Service |
| 835 million |
Number of pieces of international mail processed |
| 2.1 billion |
Dollar amount paid every two weeks in salaries and benefits |
| 656,000 |
Number of career employees |
| 221,000 |
Number of vehicles in our fleet - the largest civilian fleet in the world |
| 1.2 billion |
Number of miles driven each year by our letter carriers and professional truck drivers |
| 121 million |
Number of gallons of fuel used in 2008 |
| 32,741 |
Number of Post OfficesTM nationwide |
| 14 |
Percent of the nation's population that moves annually |
| 46 million |
Number of address changes processed every year |
| 1.2 million |
Number of people who visit usps.com® each day |
| 442 million |
Revenue from online stamp and retail sales at usps.com |
| 8.5 million |
Number of passport applications accepted in 2008 |
| 597,000 |
Average number of Postal Service Money Orders issued daily |
| 510 million |
Revenue from nearly 92 million transactions on 2,500 Automated Postal Centers® in 2008 |
| 56,659 |
Number of stores and banks that sell postage stamps |
| 1.2 million |
Number of new delivery points added to the network in 2008 |
| 0 |
Tax dollars received for operating the Postal Service |
MAIL IS BIG BUSINESS
The Postal Service is the core of the trillion dollar mailing industry that employs more than 8 million people.*
In 2008, these classes of mail brought in most of the $75 billion in revenue:
| First-Class Mail |
$38.2 billion |
| Advertising Mail |
$20.6 billion |
| Shipping Services |
$8.4 billion |
| International Mail |
$2.4 billion |
| Periodicals |
$2.3 billion |
| Package Services |
$1.8 billion |
If it were a private sector company, the U.S. Postal Service would rank 26th in the 2008 Fortune 500. First-Class Mail, Advertising Mail and Shipping Services would each make the list as individual businesses - ranking 61st, 119th, and 310th respectively.
*The Envelope Manufacturers Association reported in the "2008 Economic Jobs Study for the Mailing Industry" that there are 8.4 million jobs and over $1 trillion in revenue attributed to the mailing industry.
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Hot Post Office Properties
Income $19,227.50
Main Post Office: 1,375 interior square feet; 28,875 square foot site. NO TERMINATION CLAUSE. A new metal roof was put on in the mid-1990's. The owner, 92 years old with a life estate, signed over the ownership (a remainder interest) to his son who has signed a sales contract with Marvo, Inc. Their lawyer states that they will both sign and execute all sales documents to make certain of clear title. McNeil is not on any closure review list and is not being considered for any future list should one come about.
Property News tip
House panel votes relief for Postal Service
The House Oversight and Government Reform Committee voted Friday to approve HR 22, which would save the U.S. Postal Service $2.3 billion this year in health care costs. The bill allows the Postal Service to pay health care premiums for its current retirees using a trust fund designated for future retirees.
Without the bill, the Postal Service would have to make a $2.3 billion payment in September for its current retirees; postal officials say they cannot pay that bill.
“The Postal Service is facing a financial emergency,” said Rep. Edolphus Towns, D-N.Y., the committee chairman. “HR 22 would allow the Postal Service to live to fight another day.”
HR 22 was introduced in January and then spent almost six months before the committee. The bill now heads to the full House for a vote. Passage is almost guaranteed: The bill has 337 co-sponsors.
In Rhinebeck, NY home of APO, the post office is USPS owned. Though it serves well over 10,000 people and has several routes, and is very busy most of the time, they are cutting the hours back. Instead of being open until 7 pm now it will be closing at 5 pm. Instead of opening at 8:30 am it will now open at 9 am. Saturday hours are also being greatly reduced. Many people when considering a purchase often rely on the hours of operation. This is not longer a true indication of how busy the post office is. Think about this.
Do not allow other associations to put a scare into you so that you will be afraid to keep you post office or invest in other new purchases. I say once again, the closings and consolidations have to do with BRANCH offices in large cities or large Processing & distribution Centers.
KEEP THIS IN MIND THE NEXT TIME YOU FEEL CONCERNED ABOUT THE USPS CLOSING SMALL RURAL POST OFFICES.
Under a federal law aimed at ensuring service for rural and remote areas, economizing cannot be the sole factor in closing a post office.
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THE USPS IS CREATING LANGUAGE IN LEASES THAT LOOKS SIMILAR TO FORMER FORM LEASES SO THAT OWNERS WILL NOT PICK UP ON THE SHADY ATTEMPTS TO RUIN THE MARKET VALUE OF YOUR POST OFFICE INVESTMENT.
THERE ARE 2 AREAS YOU NEED TO BE ESPECIALLY AWARE OF AND ONE IS THE PURCHASE OPTION RIDER. SIMPLY, NEVER GIVE THEM THE RIGHT UNDER ANY CIRCUMSTANCE OR CONDITION TO PURCHASE YOUR FACILITY. THEN YOU WILL NOT HAVE TO WORRY ABOUT THEM STEALING THE BUILDING AT WAY BELOW THE ACTUAL MARKET VALUE.
THE SECOND THING TO WATCH OUT FOR IS THE “OTHER PROVISIONS” CLAUSE IN YOUR LEASE NORMALLY ON PAGE 2. THE LANGUAGE OF THE SERVICES & EQUIPMENT RIDER REGARDING ELECTRICITY AND THE SEWER PROVISION IS ESPECIALLY TROUBLESOME. IT APPEARS THAT WE CAN NO LONGER TRUST THE USPS TO NEGOTIATE IN AN OPEN AND FAIR MANNER.
WATCH OUT AND SEND US A COPY OF EACH LEASE THEY SEND YOU SO WE CAN POINT OUT THE FAULTS.
