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USPS reports discovers millions in potential savings
Each year the United States Postal Service spends approximately $805 million to keep up with the 24,000 leases it holds. But a recent report published by the agency claims a number of those leases may, in fact, be well above those of average market rates.
The report, commissioned by the USPS inspector general, specifically focuses on agency-held leases in the Northeast area, which make up approximately 14 percent of all USPS facilities. Of the 3,389 leases auditors identified in the region, nearly half - or 1,762 - were labeled as potentially being above market rate rent.
When the USPS renegotiates a lease, agency representatives begin the process well in advance, generally one to two years prior to the document's expiration. Of the leases identified by the agency's report, 250 are within 24 months of expiring. If the USPS were to renegotiate those leases to at least market value, the agency would save upwards of $6.6 million for the duration of the leases.
Like many businesses and organizations, the USPS is continually searching for ways to streamline operations to save both customers and the agency money. To maximize savings, companies can also invest in mailing software, which consolidates postal operations and maximizes savings by automatically presorting mail and generating required reports.
