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® USPS Financial Update Mailer’s Technical Advisory Committee Meeting May 19, 2010 Joe Corbett Chief Financial Officer & Executive Vice President
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® Economy Crude Oil Dow Jones
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3 Financial Results ($ in Billions) 0.3(1.9)($1.6) Net Loss (0.6) 17.0 16.4 Expense (0.2)16.9$16.7 Revenue (1) ($ Chg) 20092010 (3.8) (1.4) (% Chg) Three Months Ended March 31, 2010 0.1 1.8 1.9 Retiree Health Bfts 4.5 -1.543.842.3 Volume (Pieces) (2) -3.3% (1) Includes $180 Million in Census Revenue for Qtr II 2010 period. (2) Includes 486 Million pieces in Census Volume for Qtr II 2010 period.
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4 Total Mail Volume 8 Quarter Moving Average Growth Rates % SPLY FY 2007FY 2008 FY 2009 FY 2010
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5 First-Class Mail Volume 8 Quarter Moving Average Growth Rates % SPLY FY 2007FY 2008FY 2009 FY 2010
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6 Standard Mail Volume 8 Quarter Moving Average Growth Rates % SPLY FY 2007FY 2008FY 2009FY 2010
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7 1. Reduce Workhours Reduction of 22,000 employees Oct/Nov Goal – approx. 90,000 workhours 2.Day-to-Day Management ●Efficiency – Productivity and Overtime ●Service Performance – All Categories 3.Variance & Staffing Modeling ●Mail Processing ●Customer Service ●People Repositioning 4.Implement National Programs a)Network Distribution Center Accelerated b)Area Mail Processing Implementation c)Route Adjustment Process d)Flat Sorter Sequencing Implementation e)All Areas – Costs Down Across the Postal Service Focus on Cost
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8 1.Reduce Workhours Reduction of 22,000 employees Oct/Nov Goal – approx. 90,000 workhours 2.Day-to-Day Management Efficiency – Productivity and Overtime Service Performance – All Categories 3.Variance & Staffing Modeling ●Mail Processing ●Customer Service ●People Repositioning 4.Implement National Programs a)Network Distribution Center Accelerated b)Area Mail Processing Implementation c)Route Adjustment Process d)Flat Sorter Sequencing Implementation e)All Areas – Costs Down Across the Postal Service Focus on Cost
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9 1.Reduce Workhours Reduction of 22,000 employees Oct/Nov Goal – approx. 90,000 workhours 2.Day-to-Day Management ●Efficiency – Productivity and Overtime ●Service Performance – All Categories 3.Variance & Staffing Modeling Mail Processing Customer Service People Repositioning 4.Implement National Programs a)Network Distribution Center Accelerated b)Area Mail Processing Implementation c)Route Adjustment Process d)Flat Sorter Sequencing Implementation e)All Areas – Costs Down Across the Postal Service Focus on Cost
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10 1.Reduce Workhours Reduction of 22,000 employees Oct/Nov Goal – approx. 90,000 workhours 2.Day-to-Day Management ●Efficiency – Productivity and Overtime ●Service Performance – All Categories 3.Variance & Staffing Modeling ●Mail Processing ●Customer Service ●People Repositioning 4.Implement National Programs a) Network Distribution Center Accelerated b) Area Mail Processing Implementation c) Route Adjustment Process d) Flat Sorter Sequencing Implementation e) All Areas – Costs Down Across the Postal Service Focus on Cost
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11 Workhours 88.1B 117M 82M 206M 87M 106M 598M 49M Workhours Below SPLY Six Months Ended March 31, 2010
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12 Financial Results ($ in Billions) 0.4(2.3)($1.9) Net Loss (1.4) 34.6 33.2 Expense (0.9)36.0$35.1 Revenue (1) ($ Chg) 20092010 (4.5) (2.7) (% Chg) Six Months Ended March 31, 2010 0.1 3.7 3.8 4.5 -5.994.0 88.1 Volume (Pieces) (2) -6.3% (1) Includes $180 Million in Census Revenue for Qtr II YTD 2010 period. (2) Includes 486 Million pieces in Census Volume for Qtr II YTD 2010 period. Retiree Health Bfts
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® USPS Financial Update Mailer’s Technical Advisory Committee Meeting May 19, 2010 Joe Corbett Chief Financial Officer & Executive Vice President
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