Bigger than USPS

Discussion in 'UPS Discussions' started by UPSJUNKIE, Feb 10, 2020.

  1. UPSJUNKIE

    UPSJUNKIE New Member

    Maybe I'm looking at this wrong, but it looks to me like UPS is now bigger than the Post Office. In the 4th Quarter of 2019, UPS revenues were $20.568 billion. Revenues at the Post Office were $19.4 billion for what they call 1st Quarter 2020. I've been with UPS for 32 years. First time I've seen this happen.
     
  2. Bit the post office doesn't pay taxes and other fees like Brown does.
     
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  3. UPSJUNKIE

    UPSJUNKIE New Member

    The USPS doesn't even pay license fees on its vehicles or road tax on its fuel. UPS drivers are paid way more per hour. USPS doesn't pay dividends to shareholders and in fact lost about $1 billion in the quarter.
     
  4. Poop Head

    Poop Head Lovin' every minute of it!

    Ups will buy out the post office
     
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  5. You got to read a little deeper into that report
    The post office has to have to pay pension obligations years in advance.
     
  6. UPSJUNKIE

    UPSJUNKIE New Member

    My understanding is not "years in advance" but as the work is done...just like the private sector. Prior to about 10 years ago, the USPS treated pensions like the federal government does...pay them out of current revenues to current retirees. The private sector has to pay into a retirement plan each year as the work is performed and retirement entitlement is accrued. The USPS bitches about that, but since they are an off-book agency, that is exactly how they should be paying their retirement obligations--as the debts are incurred.
     
  7. UPSJUNKIE

    UPSJUNKIE New Member

    Besides, retirement expenses don't effect revenues.
     
  8. USPS Defaults on Billions in Mandatory Payments, Despite Scheduled Relief
     
  9. Staydryitsraining

    Staydryitsraining Well-Known Member

    I dont think we are paid way more an hour. I have met and talked to alot of USPS workers who do or know people there who make over 45 an hour.
     
  10. Bob11B

    Bob11B Active Member

    Well...amazon drivers also claim they make as much as me, doesn’t mean it’s true.
     
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  11. Yeet

    Yeet Inbound, turnaround, go to town

    They think that because websites like indeed or Glassdoor say the average feeder driver makes $50K a year. I don’t know where they get their numbers. If I worked 6 months out of the year, maybe.
     
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  12. Whither

    Whither Scofflaw

    Still, funny that you never hear about pension-funding problems for Senators and Congress people ...
     
  13. Package Stick

    Package Stick "Send it."

    I'm buddies with a retired USPS worker, they do. This guy would show up to work, clock in, leave, show up and the end of shift and clock out.
     
  14. Boywondr

    Boywondr The truth never changes.

    They must handle a lot of envelopes containing gift cards and cash every day!
     
  15. silenze

    silenze Lunch is the best part of the day

    The. Only way they make that much is to be a disabled veteran. Those guys are treated like kings at usps.
     
  16. WTFm8

    WTFm8 Active Member

    But what about Surepost? I heard it’s going away. Haha
     
  17. Redtag

    Redtag Part on order, ok to drive

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  18. Staydryitsraining

    Staydryitsraining Well-Known Member

  19. Mack37

    Mack37 Active Member

    USPS has more vehicles, employees, locations etc. but it kind of goes back and forth on who makes more money. Of course, USPS isn’t supposed to make a profit so I guess it doesn’t matter.

    Everyone making a big deal about USPS losing money is a recent phenomenon. Making money isn’t really the point.
     
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  20. Ladytruckdriver513

    Ladytruckdriver513 New Member

    I was a TTO (tractor trailer operator)for USPS. They top out at 28-29 something an hour and it takes 9 years. Prior to 2012 they topped out around 32 an hour.