Mail Carriers Try Own Rescue - Wall Street Journal
The nation's largest mail-carriers union wants the U.S. Postal Service to raise stamp prices and expand mail delivery.
The Postal Service's proposal to close thousands of post offices and cut back on the number of days that mail is delivered "won't work" and would accelerate the agency's decline, according to the six-page report by Ron Bloom, President Barack Obama's former auto czar, and investment bank Lazard Ltd., who were hired by the union in October.
Instead, the report says, the agency should raise its stamp prices, which are among the lowest in the world, and find new ways to profit more from its built-in advantage as the only entity to reach every American home every day. It should also replace its multilayered governance system with a corporate- style board of directors whose members have entrepreneurial experience.
The nation's largest mail-carriers union wants the U.S. Postal Service to raise stamp prices and expand mail delivery.
The Postal Service's proposal to close thousands of post offices and cut back on the number of days that mail is delivered "won't work" and would accelerate the agency's decline, according to the six-page report by Ron Bloom, President Barack Obama's former auto czar, and investment bank Lazard Ltd., who were hired by the union in October.
Instead, the report says, the agency should raise its stamp prices, which are among the lowest in the world, and find new ways to profit more from its built-in advantage as the only entity to reach every American home every day. It should also replace its multilayered governance system with a corporate- style board of directors whose members have entrepreneurial experience.
