What Is the Value of an Address? The United States Postal Service’s Answer

Posted by Joachim Bartels | Aug 3, 2013 | Address Systems | 0 |

Postal Service Office of Inspector General (USPSOIG) recently released a white paper on the history of the ZIP Code, its economic value, and opportunities to enhance the asset. According to the report, the ZIP Code is worth about $9.5 billion a year.

The USPSOIG teamed up with IBM to do the analysis and found that four groups benefit, roughly equally, from the existence of the ZIP Code: the postal service itself to the tune of $2.2 billion; firms that use it for mail‐related products get about $2.1 billion in value from the ZIP Code; firms that use it for non‐mail products get a value of $2.4 billion; and consumer, governments and non‐profits benefit to the tune of $2.9 billion.

To read more click on the link: GADA Newsletter

Source: GADA (Global Address Data Association)

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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