Financial Section Part I
Item 2 – Properties
Real Estate
Our facilities range in size from 60 square feet to 34 acres under one roof, and support retail, delivery, mail processing, maintenance, administrative, and support activities.
| Real Estate Inventory | 2007 | 2006 |
|---|---|---|
| (Actual numbers) | ||
| Leased Facilities | 25,450 | 25,567 |
| Owned Facilities | 8,487 | 8,437 |
| GSA / Other Government Facilities | 381 | 408 |
| Total Real Estate Inventory | 34,318 | 34,412 |
| Annual Rent Paid to Lessors (Dollars in millions) |
$ 973 | $ 1,002 |
The majority of our small- and medium-sized facilities support the retail and delivery operations located in virtually every community across this country. Our retail and delivery operations are supported by 32,695 leased or owned facilities. We also provide retail services through 4,026 contract postal units and community Post Offices where the facility is owned and maintained by the contractor.
| Retail and Delivery Facilities | 2007 | 2006 |
| (Actual numbers) | ||
| Post Offices | 27,276 | 27,318 |
| Classified Branches | 1,508 | 1,522 |
| Classified Stations | 3,379 | 3,457 |
| Carrier Annexes | 532 | 578 |
| Contract Postal Units | 3,131 | 3,014 |
| Community Post Offices | 895 | 937 |
| Total Retail and Delivery Facilities | 36,721 | 36,826 |
Our larger facilities typically support mail processing operations, which process millions of pieces of mail on a daily basis, and prepare it for transportation across the country.
| Processing Facilities | 2007 | 2006 |
| (Actual numbers) | ||
| Processing and Distribution Centers | 269 | 269 |
| Customer Service Facilities | 195 | 195 |
| Bulk Mail Centers | 21 | 21 |
| Logistics and Distribution Centers | 14 | 11 |
| Annexes | 66 | 66 |
| Surface Transfer Centers | 14 | 17 |
| Airmail Processing Centers | 29 | 77 |
| Remote Encoding Centers | 10 | 12 |
| International Service Centers | 5 | 5 |
| Total Processing Facilities | 623 | 673 |
We also have approximately 1,000 other facilities. These facilities include administrative, vehicle maintenance, and miscellaneous support facilities.
Vehicles
We have one of the largest vehicle fleets in the United States, including an extensive fleet of alternative fuel vehicles.
| Vehicle Inventory | 2007 | 2006 |
| (Actual numbers) | ||
| Delivery and Collection Vehicles (1/2 - 2 1/2 ton) |
195,211 | 190,932 |
| Mail Transport Vehicles (Tractors and Trailers) |
6,824 | 7,484 |
| Administrative Vehicles and Other Vehicles |
6,169 | 6,296 |
| Service Vehicles (Maintenance) |
5,539 | 5,623 |
| Inspection Service and Law Enforcement Vehicles |
3,482 | 3,212 |
| Mail Transport Vehicles (3 - 9 ton) |
2,297 | 2,457 |
| Total Vehicles | 219,522 | 216,004 |
Item 3 – Legal proceedings
We are subject to various claims and liabilities that arise in the normal course of postal operations. These claims generally relate to labor, tort, and contract disputes and are regularly reviewed by management, and where significant, by the Audit and Finance Committee of the Board of Governors, and/or the full Board of Governors. In our evaluation, no single claim is material to our financial statements taken as a whole.
Item 4 – Submission of matters to a vote of security holders
Not applicable to the United States Postal Service. As an “independent establishment of the executive branch of the Government of the United States,” we do not issue stock or other voting securities.