Skip to comments.Postal Service Losing $42,335,766 Per Day
Posted on 08/09/2012 3:41:48 PM PDT by tsowellfan
The U.S. Postal Service has been losing an average of $42,335,766 per day in fiscal 2012.
On Thursday, the service reported a third quarter (April 1-June 30) net loss of $5.2 billion, bringing its fiscal year-to-date net loss to $11.6 billion.
There were 274 days in the first three quarters of fiscal 2012. Thus the Postal Service has lost, on average, $42,335,766 per day in this fiscal year...
(Excerpt) Read more at cnsnews.com ...
I would be perfectly happy with once a week delivery. Five out of six days it’s just junk mail anyways. All my bills come to my email.
Most of the loss could be eliminated if the Congress would drop the requirement to prefund retiree health benefits for workers not even hired yet. Congress has used the USPS as a cash source supporting their big-spending ways.
I know - let’s put the government in charge of health care!
The USPS is considered a “private corporation” but congress will not allow the USPS to compete like a private corporation. Every time the USPS tries to implement other revenue generating services, like other private corporations, congress gets yelled at by FedEx, UPS, et. al. and Congress makes the USPS shut down the competing services. If the USPS is a corporation then remove your congressional strangle hold from around the throat of the USPS and let them try to succeed and if FedEx et al don’t like it, tough!
The Postal Service, specifically in urban areas, is a basically a job program for ‘people of color’. Congress will NOT let the Postal Dept fail out of fear of riots.
Too many ‘people of color’ are in an imaginary middle class because of government jobs like the Post Office.
No government jobs, ‘people of color’ become restless.
Heres a better idea.
Sell it off.
Privatize the USPS no strings attached.
My interaction with the USPS is limited mostly to moving junk mail from the mailbox to the recycling bin.
A trivial amount of mail is really worthwhile these days.
That’s why they need to go to 3 days a week delivery.
M-W-F or if there’s a holiday during the week, deliver on the Saturday.
The first time I received one at my place of business, I called the Post Office to ask about it, before wasting my time looking through the perimeter security camera logs.
Talk about junk mail on steroids!
At least the USPS performs a service, none of which the aforementioned do!!!
“The Postal Service, specifically in urban areas, is a basically a job program for people of color. Congress will NOT let the Postal Dept fail out of fear of riots.
Too many people of color are in an imaginary middle class because of government jobs like the Post Office.
No government jobs, people of color become restless.”
Now I don’t live in an “urban area,” and yet virtually all of the USPS “employees” are “people of color,” who collectively have the IQ of an amoeba and to make up for that deficiency, are rude and hateful to the postal customers. The FedEX and UPS drivers are here several times a week and they are always polite and efficient. Not so for the mail service. Like others have posted, spin it off, and let it run as a truly a “private corporation.” All this happy horse crap about too much money going to the government to cover future pension benefits is a ruse. The USPS is a dying business as it is set up, since it’s there primarily for the benefit of it’s workforce. An example of a welfare program masquerading as a business.
Too bad you don’t have my mail carrier. He’s dependable, friendly and goes out of his way to accommodate his customers. Whatever one might think of the level of pay, postal work is generally not easy, particularly on the evening and midnight shifts when most of the mail is moved- those parcels and sacks of mail do not sprout wings and move themselves. Most postal employees have to work up a good sweat to receive their “welfare”.
Quiz: How much is the Energy Department earning every day? FDA? Food stamp administration? All of them required by the Constitution unlike the postal service, right?
My guess is that the USPS work rules are as onerous or more so than any of their competitors. The idea that postal workers may have to “work up a sweat” during the course of their duties should be a good thing. As for your mail carrier being friendly, any group has a few good workers. I think if you polled people you might be surprised that most folks would not share your enthusiasm for their letter carriers.
Rasmussen ran a poll a few years ago which showed the public had a generally favorable opinion of the postal service. I don't doubt a bit your bad experiences, but as a whole, I'd say most postal employees, particularly the long-term career employees, are generally a decent lot.
The big difference is it is financed through user fees and not taxes.
The Republicans in 2006, who'd pledged to not raise taxes, got around their pledge by passing along a $5.3 billion bill to USPS to pay to help balance the budget. The thought was USPS could simply go out and raise postage to pay it off.
They forgot to tell the Postal Rate Commission that it was OK to charge off this $5.3 billion bill (For future ~ meaning "75 years in the future' ~ retiree's medical insurance), so they didn't.
USPS had been operating for several decades under a financial regime that kept it's expenses within 2% of revenues ~ to meet the legal requirement that it break even with no profit or loss.
$5.3 billion didn't exactly fit in anywhere so they borrowed the money to pay the bill.
Actually, I can live with whomever delivers my mail. What I cannot abide is the USPS bleeding $42 million a day! Just what do you think one of their competitors would do if faced with the same business situation? It’s just not o.k. to dismiss the problem pointing to the Constitutional requirement for a postal service. FedEx or UPS would do whatever it took to preserve their business. The same should ascribe to the USPS. It’s all about what to do about the workforce, not what needs to be done to become solvent. Let’s face it, the mail volume is declining rapidly. As someone said earlier, “I go to the mailbox and then directly to the garbage can.” The day of the mailed monthly statement is going away. The bulk mail “industry” is going to go away too. What else is there? I now get some monthly magazines on-line and soon there won’t even be any hard copy magazines or newspapers available which is a good thing on many levels including not cutting down trees to print the stuff in the first place.
I have no doubt you have trouble with your letter carrier. GIve me your address and I know just the people to call to make sure you no longer get delivery service so you won't be bothered.
I know some other people to call who might be interested in your peculiar racial theories too.
“Postal Service Losing $42,335,766 Per Day”
This isn’t going to last much longer. Eventually, they’re just going to run out of cash, have no money with which to operate. They’ve already defaulted on one or two pension payments.
How many years ago was it that the Post Office was “spun off” from the government into a “quasi-private” corporation? Was it the 1970’s?
The only possible solution that I see will be for the government to “re-nationalize” it once more so that it’s under direct federal control and operation. This won’t reduce the losses, but make it easier for the mail to continue to be delivered regardless...
Old muawiyah again! You are sure persistent with your BS about how wonderful the USPS is. I don’t have any trouble with my carrier, it’s just that he’s not particularly thrilled with his job. Actually, he’s relatively benign when compared with the bunch down at the local PO. Since you raise the issue of “race” and you have decided to threaten me for simply pointing out the fact that at least here virtually all the postal employees are “people of color,” you must be a member of that group. There isn’t anything peculiar about my racial theories. But you still want go waving the “race card,” instead of facing the realities of the situation as regards the Post Office. How about dealing with the facts rather than pointing your finger at issues that are at best, tangential to the issue. I’ll just bet you are going to vote for Obama again!
Actually, there are more 'whites' than anything else.
As far as being a threat, your complaint is you don't like carrier delivery service ~ that can be fixed ~ they can transfer you to General Delivery. I've worked on problems going the other way where people didn't have a proper address and couldn't get delivery.
The $5.3 billion doesn't go toward USPS Pensions. It was an accounting gimmick used by Olympia Snow and her running dog lackeys on a Senate government operations committee to come up with what they believed would be a way to "reduce the deficit" back in 2006.
It was a backdoor way to raise taxes!
You mean, of course, DIRECT MAIL ADVERTISING, an exceedingly Capitalist Road sort of thing.
If I read it, it’s direct mail advertizing, if I throw it in the trash...it’s junk.
I do the latter.
Chilling threat--especially from a 'Freeper.'
The USPS personnel manual is the only rule book there that I wasn't allowed to rewrite ~ it's still screwy ~ and it's not designed to hire anybody!
But you and others imagine it's actually designed to be race specific.
So, who did you imagine I might refer this to? The Geheime Stats Polizei or whatever?
Paranoia ~ it'll get you by the tail every single time and jerk you around like you don't know what.
I think I’ve gotten those. From people wanting to pressure wash my house or mow my lawn. I was surprised to find them in the mailbox.
Tonight’s haul was the 4000th version of flyers from two FL Republican Senate candidates working hard for me to hate both of them.
Who are the ‘some other people’ you would call? If that wasn’t a threat, what was it’s purpose? Your know-it-all attitude about the Postal Service is tiresome. What is your experience with it?
It is so tiresome to listen to people complain about the postal service...and compare it to fed ex.
First of all, I can’t wait to hear you all bitch about paying $13 to send something via fed ex. You think they are so wonderful...just wait until you have to mail something to an address they don’t deliver to. How much is that going to cost?
And, the Congress is using the postal pension plans to support the entire civil service pension corp because they spent all of the money. The postal department was the only one that was properly funded before 2006.
But, if you consider the worth of the postal system based on your very limited experience, go ahead and look to drop it, cut it, and eliminate it. The other carriers do not have the people or the infrastructure to handle all of the mail out there. And when the USPS goes away..it will be too late.
Many of you expressing your expert opinions know only your waddling down to the mailbox and looking in as your experience. Do just a little research before opening your mouths. Please.
As it is usps contracts with fedex and ups for long haul delivery of priority and express items.
You do have to know everything there is about a government agency to be able to do that ~ or be allowed to do it.
So, think of me as your internal FREE REPUBLIC free resource regarding everything postal.
So, yeah, "TIresome" ~ and quite possibly the only FREEPER to have ever actually written a federal regulation about anything.
I even worked in/with/on/over/under several postal special service rate changes ~ so, yeah, I even understand the American brand of governmental utility rate change processes ~ with first hand experience.
Then, too, I have a MASTER PLANNER degree from the University of Virginia School of Architecture.
And now, your credentials for commenting on postal matters?
>> if the Congress would drop the requirement to prefund retiree health benefits
Prefunded so the douche bags in Congress can waste the funds away.
I’m a fan of USPS. It’s self funding through counter sales. I hope it solves its financial issues.
We need a USPS ping list. Any fans besides you and me?
Many confuse USPS with typical taxpayer funded bureaucracy. Unlike the other non-essential, parasitic agencies, USPS is funded through counter sales, not taxpayer dollars.
Not a big group ~
True, and the news is relatively sparse.
In your mail box beats a scruffy plasma seller sticking it under your wiper blade if you ask me...
It’s called EDDM or every door direct mail and is actually a pretty good idea and a pretty good deal for several reasons.
First it saves both the mailer and the USPS money.
The only cost to the USPS is for a business mail or window clerk to verify and bill the mailing. If the mailer wants to, they can pay retail and take the mail to their local PO for the transaction, avoiding the requirement to open a business mail account, purchase a permit and pay one time application and yearly presort fees amounting to just under $400 currently.
For a small business start-up with an intermittent, one time or seasonal mailing this provides the flexibility, choice and responsiveness to market conditions that folks on this site advocate.
The USPS cost is for the carrier to transport the mail piece from the carrier station to your mail box.
The customer transports the mail to the delivery office themselves, the USPS has no sortation costs and minimal transport costs, the carrier is going to deliver on that route anyway.
The mailer gets a rate comparable to non-profit prices and saves money on addressing and preparation costs, ideal for a small business trying to get started or grow.
The service allows a user to reach a targeted audience without the costs of purchasing address lists or paying the mark-up to a mailing house for the lists, printing, inserting, addressing, etc.
The only requirement is for the mailer to tie out the mail in bundles with a facing slip identifying the number of pieces in the bundle, the zip code and the carrier route and to mail to all the addresses on a given route.
EDDM service also serves folks in the public square, allowing political candidates or advocacy groups access to the public ear at a fraction of traditional costs.
I’ll confess, I’m a USPS employee, a business mail clerk, a working stiff, not a (mis)manager or PR man flak catcher.
The job is mostly revenue protection, making sure the mailers adhere to the rules for the type of mail and service they are using so we don’t lose money; basic things like class, category, size, shape, weight and count as well as machine sortation issues about bar code qualities, address accuracy, reflectance properties of the inks and paper used, etc.
Commercial mailers get deep discounts over full rate first class prices based on a work-share concept, we make sure they do the work but I don’t pencil whip anybody, I point out deficiencies and offer alternatives.
It’s also to help the customer avoid costs and achieve the aims for which they purchase our products and services.
Most folks using EDDM are local political candidates running insurgent campaigns outside the local “old boy network”, charities and non-profits with a one time fund-raising event and small businesses starting up, like the 2 tour vet trying to get a new lawn and landscaping service off the ground.
That guy was very happy with the concept, he and his wife looked up incomes by neighborhood on line and decided to mail just to those areas.
Ya know what? It worked, his brother and he bought some new equipment and hired a couple of guys too. I like to think we helped in a small way by suggesting the service, only just a small way, but small business is about margins.
Also as an aside to those here that think the USPS is a full employment for minorities program, guess what? I’m lily white and most of my co-workers are too.
If you live in an urban area and the hiring is local, who do you think is going to be hired? If you get substandard service, complain and be persistent, bureaucracies have inherent inertia and managers take the easy way out like most people.
There are rotten apples in every group, we just got rid of a crazy person in mine, Exorcist quality, head turned backwards, possession type.
I also had slugs in the military units I served in, cooks with vile personal habits in my first paid jobs in high school, drunken house painters that passed out in closets and fell off ladders when I was schmearer...well, rant off.
I like my job, I like it when a customer says thanks or I waited for you so you could handle my mailing, it gives me warm fuzzies, that and the pay check every two weeks!
Since I didn't say anything about postal employees, I will assume you meant your post for “All”.
Here is my reply: BTW, if I had said anything about postal employees, it would have been a comment regarding the increased level of errors and rudeness exhibited by USPS employees I have encountered over the last ten years, at multiple addresses, both business and personal.
Although you may find this impossible to believe, lots of people, myself included, truly detest junk mail.
I have been told by indignant postal employees I have no way to “opt out” of receiving any of it.
That being the case, the USPS should be the entity forced to cart it to the trash, not me!
First class mail within my city is now delivered in 4-5 business days, not the previous 1-2 days.
Due to the rising rate of mis-delivered 1st class mail I receive at home, and the growing incidents of customers claiming they mailed orders to me at work that were never received, I no longer consider the USPS reliable.
Junk mail gets priority service.
So don't act surprised when even more businesses turn to fax or email for routine business transactions that were previously conducted at the constantly increasing 1st class mail rates.
Pat yourself on the back all you want for what you consider to be a job well done.
I do understand that many in the upper echelons of leaders at the USPS have been desperately trying to adapt and adjust to a changing marketplace, and are stymied by both external government regulations and internal employee union objections.
I wish them well, and hope the next administration will help save the USPS.
apologies if I patted myself overmuch on the back, for running on and for not addressing the post to “All”.
I share your frustration with bad attitudes and poor service, I’m a customer too.
There is a way to cut back on unwanted mail,the link below and others like it may help a bit: