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USPS loses $2 billion this spring...
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<blockquote data-quote="The Other Side" data-source="post: 1383171" data-attributes="member: 17969"><p>AS we have discussed on this board many times over, the postal service is dead as a functioning business.</p><p></p><p>Despite cutbacks, layoffs and closures, they continue to lose revenue due to online banking and billing.</p><p></p><p>First class mail continues to bleed revenue and every other class mail has lost money for over 15 years.</p><p></p><p>The only savior for the postal service would be to privatize the delivery aspect to private companies, layoff all the workers, and place their pensions into the PBGC where they would get 25 cents on the dollar.</p><p></p><p>Wages are too high for the revenue levels. Benefits are too high for the revenue levels.</p><p></p><p>Costs will continue to skyrocket and killing saturday service wouldnt make a dent in the debt. This year in total, the USPS will lose close to 19 billion dollars and thats not a recipe for success.</p><p></p><p>Since there is no tax payer assistance for the postal service, no government bailout would be possible.</p><p></p><p>Throwing out all the postal carriers would kill the unemployment rate, but in the long run it would save the postal service allbeit reduced to transportation and sorting for final delivery by private companies.</p><p></p><p></p><p>TOS.</p></blockquote><p></p>
[QUOTE="The Other Side, post: 1383171, member: 17969"] AS we have discussed on this board many times over, the postal service is dead as a functioning business. Despite cutbacks, layoffs and closures, they continue to lose revenue due to online banking and billing. First class mail continues to bleed revenue and every other class mail has lost money for over 15 years. The only savior for the postal service would be to privatize the delivery aspect to private companies, layoff all the workers, and place their pensions into the PBGC where they would get 25 cents on the dollar. Wages are too high for the revenue levels. Benefits are too high for the revenue levels. Costs will continue to skyrocket and killing saturday service wouldnt make a dent in the debt. This year in total, the USPS will lose close to 19 billion dollars and thats not a recipe for success. Since there is no tax payer assistance for the postal service, no government bailout would be possible. Throwing out all the postal carriers would kill the unemployment rate, but in the long run it would save the postal service allbeit reduced to transportation and sorting for final delivery by private companies. TOS. [/QUOTE]
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USPS loses $2 billion this spring...
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