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WASHINGTON (Reuters) - The U.S. Postal Service posted a net loss of $3.1 billion in its third quarter and warned again it would default on payments to the federal government if Congress did not step in.
Total mail volume for the quarter that ended June 30 fell to 39.8 billion pieces, a 2.6 percent drop from the same period a year earlier, as consumers turn to email and pay bills online.
The mail carrier, which does not get taxpayer funds, has struggled to overhaul its business as mail volumes fall. It has said personnel costs weigh heavily and is facing a massive retiree health benefit prepa
Originally posted by Modern Americana
Let the USPS fold and allow the private sector take over the mailing issue. People pay bills online, mostly, anyway... or they deliver the bills themselves (i.e. rent, phone bill), so really the USPS is mainly used for junk mail anyway. Let FedEx and UPS take this one. It is for the best, as the Free Market always is.
Originally posted by Destinyone
Well...it makes sense when you look at, Congress has mandated the U.S. Postal Services spend 9 Billion per year in pensions. Doesn't leave much left over for profit does it.
I've got some links somewhere I'll find and post...
ETA: For my new business, I order a lot of product that I choose USPS as the carrier to save money...I've found in the past few months, when tracking shipments, the postal services is using Fedex or UPS for part of the leg in shipping. Why...because it's CHEAPER for them to do so.
Desedit on 6-8-2011 by Destinyone because: (no reason given)
Originally posted by sonofliberty1776
No it isn't, trust me. I have seen some of the idiots they have doing this job.
Originally posted by iforget
reply to post by VraxUK
It sounds a lot easier than it actually is, trust me