According to a new audit by the USPS Inspector General, last year's "Summer Sale" may actually have lost money for the service:
The Postal Service reported both volume and revenue increases resulting from the FY 2009 Summer Sale. However, the processes used to calculate the reported increases may result in misleading reported revenue and volume impacts. While the Postal Service used actual, verifiable mailing data in many cases, the additional data essential to calculations supporting the reported increases is less precise. These data included various assumptions related to mail thresholds, negotiated mail volumes based on customer input, and incomplete or unconsidered employee cost data. Postal Service outsiders - including the PRC's public representatives - have also questioned the Postal Service's methods for calculating reported revenue and volume increases. Read more here.
The Postal Service reported both volume and revenue increases resulting from the FY 2009 Summer Sale. However, the processes used to calculate the reported increases may result in misleading reported revenue and volume impacts. While the Postal Service used actual, verifiable mailing data in many cases, the additional data essential to calculations supporting the reported increases is less precise. These data included various assumptions related to mail thresholds, negotiated mail volumes based on customer input, and incomplete or unconsidered employee cost data. Postal Service outsiders - including the PRC's public representatives - have also questioned the Postal Service's methods for calculating reported revenue and volume increases. Read more here.
