of Public Law 108–18. The law requires that
savings attributable to the legislation after
2005 be held in escrow and not obligated or
expended until otherwise provided for by law.
B. Total Factor
Productivity
The Postal Service measure of productivity,
Total Factor Productivity (TFP), includes all
factors of production. TFP measures the
growth in the ratio of outputs and the inputs,
or resources, expended in producing those
outputs. By tracking outputs and resource
usage, TFP provides a historical measure of
efficiency. |
The Postal Service's main outputs are
mail volumes and servicing an expanding
delivery network. To account for variations in
resources used to process different types of
mail, TFP weights each mail type according
to its workload content. The weighting is
determined by factors such as size, weight,
mailer preparation including barcoding and
presorting, and mode of transportation used,
such as air or highway. In addition to labor,
TFP also measures capital and materials
inputs, such as mechanized and automated
equipment, facilities, transportation, and
other nonpersonnel costs. The Output per
Workhour component of TFP uses only labor
input as a measure of resource use. |
Chapter 1 Compliance with Statutory Policies Introduction
Chapter 2 Postal Operations
Chapter 3 Financial Highlights
- Financial Summary
- Total Factor Productivity
- Civil Service Retirement System Legislation
- Federal Government Appropriations
- Emergency Preparedness Funding
- Breast Cancer Research
Chapter 4 2003 Performance Report and Preliminary 2005 Annual Performance Plan |