U.S. Postal Service on a ‘Tightrope’ Lost $15.9 Billion | |
Anonymous Coward User ID: 27803858 United States 11/15/2012 10:26 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 23011194 United States 11/15/2012 10:27 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 14392840 United States 11/15/2012 10:28 AM Report Abusive Post Report Copyright Violation | [link to www.bloomberg.com] Quoting: Carshy McCarsh Holy shit. They can't even make a monopoly profitable, and the idiots of America gave them control of healthcare? The U.S. Postal Service said its net loss last year widened to $15.9 billion, more than the $15 billion it had projected, as mail volume continued to drop, falling 5 percent. Without action by Congress, the service will run out of cash on Oct. 15, 2013, after it makes a required workers compensation payment to the U.S. Labor Department and before revenue typically jumps with holiday season mailing, Chief Financial Officer Joe Corbett said. The service, whose fiscal year ended Sept. 30, lost $5.1 billion a year earlier. It announced the net loss today at a meeting at its Washington headquarters. They keep raising the price of postage and stamps till its not even worth delivering anymore. I see more and more goods where the shipping is more than the goods themselves It costs over ten bucks now to mail a piece of clothing. Why do they keep saturday deliveries>???????? Why dont they deliver at least 4 days a week instead of 6 Its too mammoth a operation with a growing population. If people have packages, they want the mail, However its not worth it driving up a winding dirt road everyday to deliver a sales flier... |
Anonymous Coward User ID: 27736505 United States 11/15/2012 10:42 AM Report Abusive Post Report Copyright Violation | |
Laura Bow User ID: 1158661 United States 11/15/2012 10:43 AM Report Abusive Post Report Copyright Violation | [link to www.bloomberg.com] Quoting: Carshy McCarsh Holy shit. They can't even make a monopoly profitable, and the idiots of America gave them control of healthcare? The U.S. Postal Service said its net loss last year widened to $15.9 billion, more than the $15 billion it had projected, as mail volume continued to drop, falling 5 percent. Without action by Congress, the service will run out of cash on Oct. 15, 2013, after it makes a required workers compensation payment to the U.S. Labor Department and before revenue typically jumps with holiday season mailing, Chief Financial Officer Joe Corbett said. The service, whose fiscal year ended Sept. 30, lost $5.1 billion a year earlier. It announced the net loss today at a meeting at its Washington headquarters. WOW! Just wow. |
Sleeping Giant User ID: 543618 United States 11/15/2012 10:47 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 14443159 United States 11/15/2012 10:49 AM Report Abusive Post Report Copyright Violation | |
XSlyOneX User ID: 1446631 United States 11/15/2012 10:49 AM Report Abusive Post Report Copyright Violation | |
Sleeping Giant User ID: 543618 United States 11/15/2012 10:50 AM Report Abusive Post Report Copyright Violation | Lol UPS and/or FEDEX would love to jump on the opportunity to take over the mailing system... All you doomtards calm down. Besides all mail does is bring me bills anyway... If i want something delivered I go elsewhere Quoting: XSlyOneX They already have with smartpost and surepost. Wake up, oh sleeper, and rise from the dead, and Christ will shine on you |
The Phoenix User ID: 15570356 Malaysia 11/15/2012 11:00 AM Report Abusive Post Report Copyright Violation | |
Judethz User ID: 20521597 United Kingdom 11/15/2012 11:19 AM Report Abusive Post Report Copyright Violation | [link to www.bloomberg.com] Quoting: Carshy McCarsh Holy shit. They can't even make a monopoly profitable, and the idiots of America gave them control of healthcare? It was deliberately set up to fail by our so called leaders, most likely Fed Ex and UPS are behind it. How can any organisation fully fund every workers pension for 80 year out. |
XSlyOneX User ID: 1446631 United States 11/15/2012 11:26 AM Report Abusive Post Report Copyright Violation | It always amazes me how you can run up such a huge loss (and you could even predict it) but not doing anything about it. Quoting: The Phoenix As long as teleport is not invented, there's always money in logistics. Somebody better check the accounts. As soon as email got popular they should of known the eventual future. It's their fault they didn't plan accordingly. This is one of the biggest CONS of being conservative in a rapidly evolving technological world... If your unwilling to change your stance then you deserve to be run out... That's exactly what is happening to Post Service and exactly what is wrong with the government... Honestly Conservative needs to be put next to stupidity in the dictionary. Ron Paul or Bust |
Anonymous Coward User ID: 14392840 United States 11/15/2012 11:30 AM Report Abusive Post Report Copyright Violation | It always amazes me how you can run up such a huge loss (and you could even predict it) but not doing anything about it. Quoting: The Phoenix As long as teleport is not invented, there's always money in logistics. Somebody better check the accounts. As soon as email got popular they should of known the eventual future. It's their fault they didn't plan accordingly. This is one of the biggest CONS of being conservative in a rapidly evolving technological world... If your unwilling to change your stance then you deserve to be run out... That's exactly what is happening to Post Service and exactly what is wrong with the government... Honestly Conservative needs to be put next to stupidity in the dictionary. Letters is a minority of all mail. Most of it is used for bills, advertising etc, and mail order. I like my coupons, esp for Mcdonalds and Arbys that they send in the mail. I use them during my lunchbreak I order ALOT of books etc from Amazon and Ebay...I get packages weekly.. Only a minority of our packages are UPS We do pay our bills online, but it still helps to get a physical reminder in the mail..and something we can file away in case something happens to the net. |
XSlyOneX User ID: 1446631 United States 11/15/2012 11:45 AM Report Abusive Post Report Copyright Violation | It always amazes me how you can run up such a huge loss (and you could even predict it) but not doing anything about it. Quoting: The Phoenix As long as teleport is not invented, there's always money in logistics. Somebody better check the accounts. As soon as email got popular they should of known the eventual future. It's their fault they didn't plan accordingly. This is one of the biggest CONS of being conservative in a rapidly evolving technological world... If your unwilling to change your stance then you deserve to be run out... That's exactly what is happening to Post Service and exactly what is wrong with the government... Honestly Conservative needs to be put next to stupidity in the dictionary. Letters is a minority of all mail. Most of it is used for bills, advertising etc, and mail order. I like my coupons, esp for Mcdonalds and Arbys that they send in the mail. I use them during my lunchbreak I order ALOT of books etc from Amazon and Ebay...I get packages weekly.. Only a minority of our packages are UPS We do pay our bills online, but it still helps to get a physical reminder in the mail..and something we can file away in case something happens to the net. I suppose in hind-site the digital world is susceptible to being broken on a mass scale but I work in technology and it's getting easier and easier to back things up. I think paper should always be used for major contracts because a signature is still total rule in this world. Just got to find a balance and the USPS did not do that. Ron Paul or Bust |
Anonymous Coward User ID: 11541429 United States 11/15/2012 12:01 PM Report Abusive Post Report Copyright Violation | |
Zedakah User ID: 25719696 United States 11/15/2012 12:13 PM Report Abusive Post Report Copyright Violation | At $385,000 salary, the postmaster general is the highest paid federal government employee. Anyone else find this odd? Over generals, scientists, heck even this p"resident." I think I just found a spending cut that would save everybody stamp money. |
Anonymous Coward User ID: 27803841 Saudi Arabia 11/15/2012 01:03 PM Report Abusive Post Report Copyright Violation | The biggest problem is all worthless, lazy Affirmative Action employees the P.O. has. Like all the other REALLY FUCKED UP government agencies, it has WAY too many blacks that don't work and are impossible to fire. I hope the Congress defaults on the retirement payments on those worthless bastards! Let them find a real job! |
Judethz User ID: 20521597 United Kingdom 11/15/2012 01:04 PM Report Abusive Post Report Copyright Violation | |
Carshy McCarsh (OP) User ID: 1524435 12/03/2012 12:55 AM Report Abusive Post Report Copyright Violation | |
Truthache User ID: 1465537 United States 12/03/2012 01:25 AM Report Abusive Post Report Copyright Violation | |
Carshy McCarsh (OP) User ID: 1486047 12/03/2012 02:03 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 28938014 United States 12/03/2012 02:14 AM Report Abusive Post Report Copyright Violation | [link to www.bloomberg.com] Quoting: Carshy McCarsh Holy shit. They can't even make a monopoly profitable, and the idiots of America gave them control of healthcare? The U.S. Postal Service said its net loss last year widened to $15.9 billion, more than the $15 billion it had projected, as mail volume continued to drop, falling 5 percent. Without action by Congress, the service will run out of cash on Oct. 15, 2013, after it makes a required workers compensation payment to the U.S. Labor Department and before revenue typically jumps with holiday season mailing, Chief Financial Officer Joe Corbett said. The service, whose fiscal year ended Sept. 30, lost $5.1 billion a year earlier. It announced the net loss today at a meeting at its Washington headquarters. When the Postal service makes a profit they don't get to keep it. Washington takes it and and puts it into the general fund. when it loses money then they don't get their profits back. The whole ideal is to keep them in the red so Washington can keep sucking off their profits and claim they lost money. . |
Anonymous Coward User ID: 28870983 United States 12/03/2012 02:17 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 1400747 United States 12/03/2012 02:55 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 28760025 United States 12/03/2012 02:58 AM Report Abusive Post Report Copyright Violation | |
Carshy McCarsh (OP) User ID: 1482388 12/03/2012 10:40 AM Report Abusive Post Report Copyright Violation | It's not just the union, the prefunding of benefits for employees that aren't even born yet, the profit neutral stance of general funding, the benefits package or the large number of workers who don't contribute to transporting,, sorting, or delivering mail. It's all of those things combined. Quoting: Anonymous Coward 28760025 Yes, those are the details. The general problem is government unions, period. Tell me what this tastes like... |
Anonymous Coward User ID: 1500980 United States 12/03/2012 11:12 AM Report Abusive Post Report Copyright Violation | :9teen: It was deliberately set up to fail by our so called leaders, most likely Fed Ex and UPS are behind it. How can any organisation fully fund every workers pension for 80 year out. You just won the thread, congrats. USPS can't work while paying no fuel tax and having free land for their operations? Thats got to be FedEx and UPS's two biggest expenses. |
MuayThai User ID: 29039579 Philippines 12/04/2012 02:24 AM Report Abusive Post Report Copyright Violation | I worked in the place for a long time and I can honestly say that the only thing people care about is how much overtime they will be getting or why they aren't getting any. As far as the job itself goes, it's amazing that you get your mail in your box most days. Cavalier attitude among the workers prevails. "that's not my job" -- heard employees cussing out their supervisor many times using this phrase when asked to do something other than stand around bullshitting. The whole works should be auctioned off to the highest bidder to pay down the national debt. |
Carshy McCarsh (OP) User ID: 1531528 12/04/2012 09:47 AM Report Abusive Post Report Copyright Violation | I worked in the place for a long time and I can honestly say that the only thing people care about is how much overtime they will be getting or why they aren't getting any. Quoting: MuayThai As far as the job itself goes, it's amazing that you get your mail in your box most days. Cavalier attitude among the workers prevails. "that's not my job" -- heard employees cussing out their supervisor many times using this phrase when asked to do something other than stand around bullshitting. The whole works should be auctioned off to the highest bidder to pay down the national debt. Tell me what this tastes like... |
Rabid Wolf User ID: 28901992 United States 12/04/2012 09:50 AM Report Abusive Post Report Copyright Violation | |