Capital spending is making a comeback at the Postal Service from dangerously low levels. The Postal Service plans on tripling its capital spending commitments in Fiscal Year 2015. Under its recently issued Integrated Financial Plan for FY 2015, the Postal Service projects $2.2 billion in new capital commitments. This contrasts sharply with capital spending
services
Postal Service FY 2011 spending declines slightly; capital spending anemic
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Procurement spending by the U.S. Postal Service declined slightly in 2011, but capital spending was anemic, according to the agency’s recently released Form 10-K report. Capital expenditures experienced a 15% drop from 2010 levels. This comes on top of a 24% decline in capital spending a year ago. Transportation spending was once again the leading procurement category, totaling $6,389 million — an increase of $511 million, or 8.7%, compared to 2010. More expensive fuel accounted for much of this increase, as diesel fuel prices rose 26.6% from a year ago.