The U.S. Postal Service Nears Collapse

Discussion in 'The Latest USPS, Amazon, and DHL Headlines' started by cheryl, Jun 1, 2011.

  1. cheryl

    cheryl I started this. Staff Member

    The U.S. Postal Service Nears Collapse - Bloomberg Businessweek

    Delivery of first-class mail is falling at a staggering rate. Facing insolvency, can the USPS reinvent itself like European services have—or will it implode?

    The USPS is a wondrous American creation. Six days a week it delivers an average of 563 million pieces of mail—40 percent of the entire world's volume. For the price of a 44¢ stamp, you can mail a letter anywhere within the nation's borders. The service will carry it by pack mule to the Havasupai Indian reservation at the bottom of the Grand Canyon. Mailmen on snowmobiles take it to the wilds of Alaska. If your recipient can no longer be found, the USPS will return it at no extra charge. It may be the greatest bargain on earth.

    "I really believe that the USPS is going to get to a point where, regardless of what it does with the prefunding [of retiree health care], it is going to implode," says R. Richard Geddes, an associate professor of policy analysis and management at Cornell University. "It is either going to default on those obligations to its retirees or we are going to have to give it a direct bailout from the United States taxpayers."
  2. PMSair

    PMSair Member

    they need to raise their rates to compete with others that provide the same service
  3. UpstateNYUPSer

    UpstateNYUPSer Very proud grandfather.

    Are you willing to pay $1 or more to mail your car payment?

    I find it ironic that the USPS is the victim of what has been part of the success at FedEx and UPS--the Internet.