Pursuit's Take
The United States Postal Service (USPS) faces unsustainable fiscal challenges. Because of the drop in first class mail, the USPS has recorded operating losses for 11 straight years. Over the next decade, USPS plans to “acquire a new fleet of delivery vehicles starting in 2019 to replace its aging existing fleet and plans to purchase new mail-processing equipment to increase efficiency,” costing $2.4 billion.
The Government Accountability Office’s (GAO) report describes this new capital spending plan and “assesses whether USPS’s processes support its ability to address uncertainties and risks that affect its capital spending.”
Read the full report