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Brown Cafe UPS Forum
UPS Discussions
USPS set to close 2,000 branches.
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<blockquote data-quote="bluehdmc" data-source="post: 976185" data-attributes="member: 18471"><p>The postal service is also "losing" billions because they are making "forward" payments for pension liabilities. Like every other (it seems), pension plan the USPS pension is in the "red". I think they are the only ones being forced to pay extra upfront to fund it, they have asked for those payments to be reduced. </p><p>The USPS services every address in the US for the same $.50 for a 1st class letter, UPS, BrandEx, and the others charge extra for certain services. I really feel if the USPS went the way of REA or the dodo bird (such as if they were privatized) the costs would go up and the services would certainly decline.</p></blockquote><p></p>
[QUOTE="bluehdmc, post: 976185, member: 18471"] The postal service is also "losing" billions because they are making "forward" payments for pension liabilities. Like every other (it seems), pension plan the USPS pension is in the "red". I think they are the only ones being forced to pay extra upfront to fund it, they have asked for those payments to be reduced. The USPS services every address in the US for the same $.50 for a 1st class letter, UPS, BrandEx, and the others charge extra for certain services. I really feel if the USPS went the way of REA or the dodo bird (such as if they were privatized) the costs would go up and the services would certainly decline. [/QUOTE]
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USPS set to close 2,000 branches.
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