Sourcewww.wsj.com
The U.S. Postal Service is again barreling toward insolvency, and on Friday it reported a $2 billion quarterly loss. “We are in a cash crisis,” Postmaster General David Steiner said. “We require urgent Congressional action to expand our borrowing authority and to address outdated constraints on the organization.” The important part for lawmakers to hear is that last part.
The USPS has been raising prices and trimming costs, but it keeps falling short in trying to make ends meet. The reality is that its business model is an anachronism in a digital world, yet Congress has refused to recognize that. As paper correspondence—letters, bills, party invites—shifted online, total mail volume fell off a cliff. Last year the USPS handled 108.7 billion pieces, down 49% from a peak of 213.1 billion in 2006. A majority of what’s left is euphemistically categorized as “marketing mail.”
At the same time, the total number of “delivery points” keeps going up. The USPS is under a mandate to reach every address in America, six days a week, a task that gets more expensive as the country’s population grows and new subdivisions are built. Last year there were 170.5 million delivery points, up from 146.2 million in 2006, or an increase of 16.6%.
Sourcewww.wsj.com
Keep Wasting Money by paying these Post Masters , Street Team , Managers Following the Root Of the Business around and Harassing us , causing extra stress on us Carriers . We Know how to drive let us do our job without the Covert ahaha I Caught you . Carriers are Working 6 days , Make them Mngr’s – Postmasters and Street team deliver and stop wasting Money “ Street Observation’s . We’re the ones in the LLV – unlike them , they’re personal cars with A/c …..
Go down to 5 day Delivery
They need to quit micromanaging and let the postmasters run their office. If they are serious about saving money then get rid of half the management and do away with the safety department. As long as congress keeps bailing them out they will never get serious about keeping the postal service solvent.
need to look into fraudulent sick lazy injury claim people with fake medical injuries or work comp that are draining the usps funds
Stop paying Rural carriers like salaried employees.
What a joke.
Working 5 hours getting paid for 8?
Make all those deadass managers go out and
inspect all the rural routes!!!
Then cut their thieving pay!!!
Problem sloved!!!