USPS Admits FSS is a Money Loser
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“It appears that in FY 2012, FSS raised costs for these three products as compared with FY 2010 costs,” the agency said in responding to a Postal Regulatory Commission question. But the results don’t mean that the $1.3-billion investment in the 100 FSS machines was not worthwhile, USPS indicated.
“FSS is a long-term initiative and FY 2012 is only the first fiscal year of full FSS operation,” the Postal Service's response said. “Long-term initiatives often mean additional costs (capital and additional operating costs) have been incurred while the associated savings take longer to realize.”
Read the full story in Dead Tree Edition here.
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