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Postal service to revamp mail system; With losses mounting, a more private approach eyed.

Publication: The Washington Times
Publication Date: 28-MAR-02 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Postal service to revamp mail system; With losses mounting, a more private approach eyed.(PAGE ONE)

Article Excerpt
Byline: Tom Ramstack, THE WASHINGTON TIMES

The U.S. Postal Service next week will announce a plan to restructure the nation's mail system to make it operate more like a private business.

Postal Service officials say the planned revamping of mail service could have a broad effect on the $900-billion-a year mailing industry, affecting everything from the way people choose to send correspondence to thousands of postal jobs.

The most likely scenario would allow Postal Service administrators to decide rates and service changes without the nearly yearlong regulatory procedure currently required by the agency's 1970 charter.

Only one of the three scenarios in the "transformational plan" would leave the Postal Service with roughly the same structure as now. However, that scenario also predicts further financial losses and the need for greater government assistance.

The other two scenarios would let supply and demand determine postal rates and services, either in one vast restructuring or in increments.

The Postal Service...

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