One other factor that has hurt the Post Office are its labor costs.
Recently, I was watching something on Fox News where they compared the labor costs of the Post Office vs UPS or FedEx. I do understand that FedEx and UPS can’t accurately be compared to the Post Office because they don’t process mail but if I recall the costs, the Post Office came out extraordinarily high.
I don’t know about other places, but here in Texas UPS gets about $15-$18 and hour and the Post Office gets near the $30 range. That is just to carry mail and be able to read the address. If they would cut the pay to about $15 an hour and cut retirements about 20%, they would be in the black the first year and a stamp would be a quarter. They will strike for more money and lose 100,000 jobs rather than save jobs for everybody.
yes, what they don't want to talk about is the pay, the benefits, and the PENSIONS eating up all the money....
so cut jobs already....at least that will be less pension money owed....and then if they do declare bankruptcy, they can all go on to the Pension Guarentee plan......