Yet, somehow companies like Federal Express, UPS, DHL and others are growing.
Must be a fluke, eh?
It helps that they are not required by Congress to overfund their pension fund to the tune of almost seven billion like the USPS has to. If Congress will just get rid of that ridiculous requirement, the USPS will not be in a crisis situation.
BTW, UPS was a local deliverybusiness in the PAC NW. A bunch of postal headquarters fellows bought it years ago when Congress refused to let the Post Office Department modernize parcel operations.
I think they did quite well don't you? And that Fed Ex idea? That came mostly from the Postmaster at Gary Indiana. His kid was Bob Smith's roommate.
Darn, I hate it when that happens ~ some postal worker gets a good idea. Don't you?
Volumes are shrinking at these companies. But they are flexing downward to remain profitable in an economic downturn, and their higher-yield, specialty products are growing.
Those companies are not being forced to keep nonprofitable operations up and running by force of law, either, as the article describes. The USPS has requested this kind of flexibility so they can restructure into a profitable business model and are being denied this by Congress.