Business Services Industry
Lawmakers deliver postal reform; Passage promises predictable rates, greater authority and responsibility.(News)
B to B, January, 2007 by Krol, Carol
Byline: CAROL KROL
Last month, President Bush signed into law postal reform legislation that provides for the first major overhaul of the U.S. Postal Service since the Postal Reorganization Act of 1970, which transformed the old cabinet-level Post Office Department into the current USPS.
Dubbed the Postal Accountability and Enhancement Act, the new law will ensure predictable price increases in postal rates by tying them to the rate of inflation, and will enable the Postal Service to continue its transformation and cost-cutting measures.
The new law is the culmination of a 12-year effort by Congress to change the laws governing the Postal Service and reflects an agreement among members of Congress, the Bush administration and the mailing...
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