Keyword: postalservice

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  • Postal Reform Bill Doesn't Address USPS Problems

    07/27/2016 7:44:11 AM PDT · by Kaslin · 42 replies ^ | July 27, 2016 | Brian McNicoll
    Despite a packed legislative agenda and shortened calendar, postal reform legislation has advanced in Congress. Both of the Senate bills shepherded by Sen. Tom Carper, D-Del., have stalled, but the “Postal Service Reform Act of 2016” passed unanimously through the House Committee on Oversight and Government Reform barely a month after it was introduced.The legislation, offered by Chairman Jason Chaffetz, R-Utah, Ranking Member Elijah Cummings, D-Md., and others, includes a variety of measures members hope will shore up the Postal Service’s financial position. Unfortunately, the legislation fails to address either the financial situation or the need for the Postal Service...
  • For USPS, How About Efficiency Before Exploration?

    06/20/2016 5:34:01 AM PDT · by Kaslin · 7 replies ^ | June 20, 2016 | Brian McNicoll
    U.S. Postal Service executives are looking into what is known as blockchain technology, and, after a cursory examination conducted with the help of a consultant, they have decided to look further.Blockchain’s main function is to serve as a way to transfer value … or pay for things. It would support bitcoin, the new super currency that could come in handy with global wire transfers, a substantial side business for the Postal Service.But it also could be used to block identity theft, verify and sign small contracts and assist with inventory management and other business functions. A recent inspector general’s report...
  • Postage prices set to go down, and the USPS isn't happy

    04/08/2016 5:30:29 PM PDT · by Olog-hai · 38 replies
    CNN Money ^ | April 8, 2016: 11:02 AM ET | Chris Isidore
    The price of mailing a letter will fall for the first time in nearly a century this Sunday. And the U.S. Postal Service, which was ordered to cut the price by its regulator, is not happy about that. USPS said the decline in the cost of a postage stamp, from 49˘ to 47˘, will cost it $2 billion this year, and make it more difficult for it to compete and provide the service its customers demand. […] The Postal Regulatory Commission, the independent government agency which oversees the USPS and its pricing, acknowledges the Postal Service will lose $2 billion...
  • If Trump Loses, Maybe He Can Help the Postal Service Make Better Deals

    04/08/2016 10:33:39 AM PDT · by Kaslin · 31 replies ^ | April 8, 2016 | Brian McNicoll
    From a public policy standpoint, most people know two things about the precarious financial situation of the Postal Service: The payments it is required to make to prefund benefits are hurting the bottom line, and it operates with no tax dollars.The first is true only if one discounts the fact the Postal Service hasnÂ’t actually made any of those payments since 2011 and would have lost nearly $30 billion in the last eight years without them. And the second is true only if you ignore the $15 billion line of credit from the U.S. Treasury it has plowed through, the...
  • Whatever Reform Brings, USPS Still Has to Fund Benefits

    02/20/2016 6:50:38 AM PST · by Kaslin · 27 replies ^ | February 20, 2016 | Brian McNicoll
    It's far too early to say what will or won't make it to the final draft of Sen. Tom Carper's legislation to reform the U.S. Postal Service. But it is a safe bet the Postal Service's huge and growing deficit in funding for employee pensions and medical benefits will be addressed. Ask any casual observer of the Postal Service's increasingly dire fiscal situation, and they will say the "prefunding requirements" are a big part of the problem. This may be true, but removing this obligation would not come close to addressing the Postal Service's need for reform and cannot be...
  • U.S. Postal Service Wasting Billions on New Mail Trucks, Sticking Its Customers with the Bill

    12/04/2015 10:44:24 AM PST · by Kaslin · 23 replies ^ | December 4, 2015 | Ken Blackwell
    Political satirist P.J. O'Rourke makes an oft-missed point when he says, "It is a popular delusion that the government wastes vast amounts of money through inefficiency and sloth. Enormous effort and elaborate planning are required to waste this much money." Taking a page straight from the government playbook, the United States Postal Service's upcoming $6.3 billion procurement of new mail delivery trucks echoes this sentiment perfectly. Few people would credit the USPS with being a portrait of modernity, but its recent decision to revive a decades-old procurement process to build its new fleet is especially appalling. Soliciting plans from a...
  • Who to Blame if Your Holiday Mail Doesn't Arrive on Time

    11/14/2015 10:09:52 AM PST · by Kaslin · 11 replies ^ | November 14, 2015 | Brian McNicoll
    Postal reform may not be mentioned much in the presidential debates. But if the Postal Service continues to struggle with on-time delivery through the holiday season, we will hear much more about this during the new year – both because it is becoming urgent and because it is one of the few issues Congress can make progress on during an election year. With that in mind, here are five lines of argument likely to emerge during those debates and why it is best if Congress does not accept the conventional wisdom. To wit: --The Postal Service is not a government...
  • Postal Service's 'Priority' Should Be Delivering Mail

    11/07/2015 5:27:33 AM PST · by Kaslin · 37 replies ^ | November 7. 2015 | Brian McNicoll
    Is the Postal Service taking its captive customers those who have no choice but to do business with it for granted? That's one of the suggestions of a recent report from the Tax Foundation. It is clear the Postal Service thinks one way about its commercial products and another about the delivery of regular mail on which it has a monopoly. For instance, the Postal Service's approach to its package delivery business has been to add seven-day-a-week delivery in 650 cities. According to a press release, "Sunday delivery serves the needs of valued customers in today's busy online world while...
  • NYC Mailman Accused Of Stealing More Than $1M In Tax Refunds In Years-Long Scheme

    07/02/2015 5:11:51 PM PDT · by SMGFan · 10 replies
    Consumerist ^ | July 2, 2015
    Is there some kind of greedy bug sweeping through the New York City mail system? Okay, probably not, but for the second time in two months a postal employee has been charged by federal prosecutors with taking part in a scheme to pad their own pockets. The most recent case involves a mail carrier who allegedly stole more than $1 million in tax refunds. The Associated Press reports that a 36-year-old Brooklyn man was charged with conspiracy and theft of government funds for his part in “delivering” bogus tax refunds to himself.
  • USPS reports $1.5B loss

    05/09/2015 10:12:28 AM PDT · by Olog-hai · 38 replies
    Associated Press ^ | May 8, 2015 2:06 PM EDT
    The U.S. Postal Service on Friday reported a net loss of $1.5 billion during the first three months of this year, noting that while more people are using its shipping and package services, it’s costly to do and revenues from other products have declined. The Postal Service is an independent agency that receives no tax dollars for its day-to-day operations but is subject to congressional control. It has asked to end most Saturday deliveries, a request that was blocked by Congress amid opposition by postal unions and others. …
  • A chance to advance to US Postal Inspection Service, and where to move?

    02/12/2015 3:48:01 AM PST · by Crazieman · 64 replies
    Selfie | 2/12/2014 | Selfie
    I have a chance to apply internally for a position as US Postal Police Officer. I find the opportunity fascinating and exciting. Right now I have a steady schedule as a postal clerk in Wichita, Kansas, after downgrading from supervisor not long ago. Recently divorced, I have few ties other than immediate family. None of the positions available are anywhere near Wichita, and looking at the vast, truth-telling population of Free Republic, I'm wondering if it would be worthwhile to change positions and move to any of the following locations that have opened up. San Francisco, CA Los Angeles, CA...
  • Mail carrier investigated over allegations of dumping GOP political mailers (WI)

    11/03/2014 6:01:05 AM PST · by afraidfortherepublic · 39 replies
    MADISON, Wis. — Neither snow nor rain nor heat nor gloom of night may keep postal carriers from the swift completion of their appointed rounds. But partisan politics, now that may be another matter altogether. An investigation has been launched into a Neenah postal carrier who allegedly dumped into a recycling bin hundreds of political advertisement mailers from the campaign of Mike Rorhkaste, Republican candidate for Wisconsin’s 55th Assembly District, Rorhkaste tells Wisconsin Reporter. Neenah Postmaster Brian Smoot, who was alerted to the incident on Thursday, confirmed there is an ongoing investigation into the matter, and referred Wisconsin Reporter to...
  • USPS: Where The Customer Is Always Last

    09/22/2014 4:42:31 AM PDT · by Kaslin · 100 replies ^ | September 22, 2014 | Katie Kieffer
    Bang! Lee looked up from addressing a package while she waited in line for service at the post office. Despite a lobby packed with customers—without notice—a postal worker slammed down the service window gate and went to lunch, leaving Lee and the other patrons to fend for themselves. The U.S. Postal Service excels at treating customers poorly. My friend Lee’s story is but one of many nightmares of churlish postal workers and deficient USPS customer service. Many government workers get away with behavior that would get them fired if they worked at a private company like McDonald’s or Apple. There...
  • On Paper: We choose not between Marx and Adam Smith but between the DMV and the Apple store.

    05/11/2014 3:55:49 AM PDT · by 2ndDivisionVet · 44 replies
    The National Review ^ | May 11, 2014 | Kevin D. Williamson
    I am preparing to renew my driver’s license, a process requiring some considerable preparation. My last trip to a driver’s-license bureau, in Norwalk, Conn., ended with my giving very serious thought to returning later in the evening and burning the place down, the process having been so backward and the people so hateful. I have in my life had a number of unpleasant encounters with government agencies — handcuffed in Texas, terrorized by Mexican federales, assets seized by the IRS, chased about by India’s immigration authorities, etc. Frankly, I’d rather be pepper-sprayed than pay another visit to the Norwalk DMV....
  • Going Postal: The Post Office wants ammunition after Senator’s proposal

    02/06/2014 3:37:22 AM PST · by 2ndDivisionVet · 25 replies
    The Daily Sheeple ^ | February 5, 2014 | James Smith
    Going postal, in American English slang, means becoming extremely and uncontrollably angry, often to the point of violence, and usually in a workplace environment. In the oddest solicitation to date, the United States Postal Service (USPS) has submitted a pre-solicitation notice for ammunition to add to its inventory of government supplies. Never, in the last ten years, has the USPS posted solicitations for ammunition of any kind via the government’s Federal Business Online website. Other agencies such as the Department of Homeland Security and the National Weather Service have made unusually large purchases of .40 caliber S&W ammunition, and agencies...
  • U.S. Postal Service reports $5-billion yearly loss

    11/15/2013 10:18:14 AM PST · by Zakeet · 19 replies
    LA Times ^ | November 15, 2013 | Ricardo Lopez
    The beleaguered U.S. Postal Service on Friday reported a $5-billion loss in the last fiscal year and again urged Congress to take legislative action that would help the agency shore up its finances. [Snip] It's the seventh-straight yearly net loss for the agency. [Snip] Since 2006, the agency has cut its expenses by $15 billion annually, but first-class mail volume has continued to drop.
  • Amazon and the United States Postal Service Now Delivering Packages on Sunday

    11/12/2013 7:33:07 AM PST · by Vigilanteman · 17 replies
    24/7 Supply Chain ^ | 12 November 2013 | 24/7 Staff
    Amazon is trying to do something the United States Government refuses to do: Save the U.S. Post Office. In a press release early Monday morning, Amazon announced it would be using the United States Postal Service to help deliver packages in the New York and Los Angeles metropolitan areas on Sundays. Amazon and the Postal Service said the service would be rolled out further in the U.S., going to major metropolitan cities in 2014 including Dallas, Houston, New Orleans and Phoenix. “As online shopping continues to increase, the Postal Service is very happy to offer shippers like Amazon the option...
  • UPS Drops 15,000 Spouses from Insurance Plan, Blames Obamacare

    08/21/2013 8:18:02 PM PDT · by Kaslin · 26 replies ^ | August 21, 2013 | Kate Andrews
    From the Atlanta Business Chronicle: “The decision comes as many analysts are downplaying the Affordable Care Act's effect on companies such as UPS, noting that the move reflects a long-term trend of shrinking corporate medical benefits, Kaiser Health News reports. But UPS repeatedly cites Obamacare to explain the decision, adding fuel to the debate over whether it erodes traditional employer coverage... Rising medical costs, “combined with the costs associated with the Affordable Care Act, have made it increasingly difficult to continue providing the same level of health care benefits to our employees at an affordable cost,” UPS said in a...
  • AP Interview: USPS takes photos of all mail!!!!!!!!!!!!! ("!" added by me)

    08/02/2013 6:22:17 AM PDT · by 70times7 · 35 replies
    Associated Press ^ | August 2, 2013 | By ANDREW MIGA
    WASHINGTON (AP) -- The Postal Service takes pictures of every piece of mail processed in the United States - 160 billion last year - and keeps them on hand for up to a month. In an interview with The Associated Press, Postmaster General Patrick Donahoe said the photos of the exterior of mail pieces are used primarily for the sorting process, but they are available for law enforcement, if requested. The photos have been used "a couple of times" by to trace letters in criminal cases, Donahoe told the AP on Thursday, most recently involving ricin-laced letters sent to President...
  • U.S. Postal Service Parking Lot Gun Ban Unconstitutional

    07/11/2013 7:57:26 AM PDT · by marktwain · 29 replies ^ | 9 July, 2013 | William Perry Pendley
    DENVER, CO.  A Colorado federal district court ruled today in favor of a Colorado man and a national gun rights group holding that a U.S. Postal Service regulation barring firearms in its parking lots violates their right to keep and bear arms under the Constitution.  The district court ruled, “openly carrying a firearm outside the home is a liberty protected by the Second Amendment [and the] parking lot adjacent to [Avon’s Post Office Building] is not a sensitive place [such that] an absolute ban on firearms is substantially related to [Defendants’] important public safety objective.”  Tab Bonidy, who is licensed...
  • eBay Seller Out $1,300 And Laptop Because USPS Insists Blank Box Is Actually A Signature

    06/14/2013 5:42:50 PM PDT · by grundle · 73 replies ^ | June 13, 2013 | Chris Morran
    This scan of a completely blank signature card is what the USPS offered up as proof that the customer’s package had been delivered. A woman in California recently sold a laptop computer of hers on eBay for $1,300, but it never arrived at the buyer’s house. The seller had paid the U.S. Postal Service for insurance and delivery confirmation on the package, so she should be able to get her money back and see who signed for the package. Not quite. She tells CBS Sacramento’s Kurtis Ming that USPS denied her insurance claim because the package was delivered and signed...
  • Lazy Postal Worker Burns, Buries Undelivered Mail (Drunk On-Duty Mailman Spends Workday at Bar)

    03/31/2013 7:39:23 AM PDT · by DogByte6RER · 42 replies
    48 News ^ | Mar 30, 2013 | 48 News
    Lazy postal worker burns, buries undelivered mail BELFAIR, WA (KOMO/CNN) - A disgraced mailman is in trouble again after admitting to burying thousands of pieces of mail in his backyard. Postal investigators state mailman Richard Farrell is accused of using a backhoe and burying the undelivered mail in a deep trench. "Just because I was lazy, and I became a not very good employee," said Farrell. "I just wanted to get out of their as soon as possible." According to court documents, in 2010, fellow coworkers discovered Farrell dumping mail in a recycling bin. Those actions prompted investigators to follow...
  • Ex terror-suspect arrested in Denmark (Gitmo Grad)

    08/16/2007 3:58:47 PM PDT · by csvset · 10 replies · 402+ views
    Yahoo ^ | Aug 16, 2007 | JAN M. OLSEN
    COPENHAGEN, Denmark—A former Guantanamo detainee has been arrested in Denmark on suspicion of withdrawing $18,900 from other people's accounts using stolen debit cards and PIN codes, police said Thursday. Slimane Hadj Abderrahmane, a Danish citizen, was released from the Guantanamo Bay detention center in 2004 after nearly two years in captivity. Abderrahmane, 34, was arrested Wednesday and ordered held in jail for two weeks on preliminary fraud and theft charges, police said. He is suspected of stealing three debit cards—two corporate cards and one personal—and the corresponding PIN codes. Police did not say how he stole them. They said Abderrahmane,...
  • Congress- not email- destroyed the USPS

    02/08/2013 1:22:31 PM PST · by Ouchthatonehurt · 42 replies ^ | Feb. 6, 2013 | John Tirney
    You know that feeling of pleasure you get when you see someone stand up to a bullying, incompetent boss? It’s viscerally satisfying, isn’t it? That’s the way I felt this morning when I heard Postmaster General Patrick Donahue announce that the U.S. Postal Service intended to move forward with a plan to stop Saturday delivery of mail, effective sometime in August. In doing so, Donahue stuck his thumb in the eye of the U.S. Congress, the mail agency’s ultimate boss. Bravo, Mr. Donahue. You may think I have incorrectly identified the incompetent party here. After all, it’s a deeply ingrained...
  • Postal Service And Congress - A Lesson In The Tying Of Hands

    02/07/2013 4:27:36 AM PST · by LD Jackson · 26 replies
    Political Realities ^ | 02/07/13 | LD Jackson
    Well, I sincerely hope you aren't especially enamored with getting letters and junk mail on Saturday. If all goes according to the plan announced by Postmaster General Patrick R. Donahue, Saturday delivery of everything except packages will be eliminated in early August. As you can imagine, the outcry is no small thing. Neither was the outcry small when the USPS announced preliminary plans to close a number of smaller post offices in 2011. That outcry seems to have worked, as all the post offices are still open. This is due mainly to the refusal of Congress to allow the Postal...
  • Postal Service to Cut Saturday Mail

    02/06/2013 7:47:33 AM PST · by re_tail20 · 33 replies
    Yahoo News ^ | February 6, 2013 | ABC OTUS
    Apparently trying an end-run around an unaccommodating Congress, the financially struggling U.S. Postal Service says it will stop delivering mail on Saturdays but continue to disburse packages six days a week. In an announcement scheduled for later Wednesday, the service is expected to say the Saturday mail cutback would begin in August and could save $2 billion annually. The move accentuates one of the agency's strong points — package delivery has increased by 14 percent since 2010, officials say, while the delivery of letters and other mail has declined with the increasing use of email and other Internet services. Under...
  • Postal Service could run out of cash in October

    08/02/2012 2:32:53 AM PDT · by iowamark · 18 replies
    CNN ^ | August 1, 2012 | Jennifer Liberto
    Without help from Congress, the Postal Service will not only default on payments for retiree health care benefits, but it could lack cash for operations by mid-October. As of midnight Wednesday, the Postal Service will be in default -- for the first time in its history -- on a $5.5 billion payment owed the federal government to prepay health care benefits for retirees. While the Postal Service is in big financial trouble due to fewer people sending mail and the mandate to prepay retiree benefits, the default is largely symbolic. The agency will skip that payment and another $5.6 billion...
  • Obama Administration's Cost-Cutting Incompetence

    07/23/2012 5:35:11 AM PDT · by Kaslin · 2 replies ^ | July 23, 2012 | Lurita Doan
    Barack Obama has made it clear that he is a big believer in big government and has adopted a economic plan to run trillions of dollars in annual deficits for as long as possible. Obama remains steadfast against making any dramatic cuts in government spending and when pressed to announce some half-hearted effort to cut the size and the cost of government, his administration has resisted the cuts, and has transformed even the puniest efforts to cut federal spending into even greater demands upon taxpayer funds. The Obama Administration’s cost cutting efforts within federal agencies are so ineffective, they often...
  • Police Came Knocking Video(Guilty Until Proven Innocent)

    05/08/2012 5:20:32 AM PDT · by Mich1193 · 20 replies ^ | 5-08-12 |
    A great video that shows another big government intercepting a postal package and then treating citizens like criminals. How would you like react when the police show up at your door and question you about your mail? The video has not been edited and is the actual testimony of the citizen.
  • Postal Service: House must act to stem mail losses

    05/04/2012 9:39:34 AM PDT · by SmithL · 11 replies
    AP via KnoxNews ^ | 5/4/12 | HOPE YEN, Associated Press
    WASHINGTON — With financial losses mounting, the nearly bankrupt U.S. Postal Service is urging the House to quickly pass legislation that would give it wide authority to close thousands of low-revenue post offices, reduce labor costs and end Saturday delivery. At its meeting Friday, the Postal Service's board of governors said that a bill passed by the Senate last week doesn't go far enough to give the agency the latitude it needs. That bill would provide the Postal Service with an $11 billion cash infusion to help pay down ballooning debt but halt the immediate closing of up to 252...
  • Snail mail: Postcard arrives to wrong house, half a century later

    04/25/2012 12:46:57 PM PDT · by RightFighter · 16 replies
    Fox News ^ | April 23, 2012 | Jana Winter
    Talk about snail mail! The nearly 60-year journey of a postcard through at least four states is finally winding down, although the little Georgia boy whose parents wrote him during a trip to Chicago is now 71 years old. The postcard, with a picture of the Windy City's Shedd Aquarium on the front and a 2-cent stamp on the back, landed in the mailbox of Elizabeth Fulcher, of South Daytona, Fla., last week.
  • Postal Service: We need more junk mail

    03/20/2012 4:51:11 PM PDT · by Oldeconomybuyer · 30 replies · 1+ views
    CNN Money ^ | March 20, 2012 | By Jennifer Liberto
    The U.S. Postal Service wants small businesses to send more direct mail, a.k.a. junk mail, to help the beleaguered agency expand its revenue stream by hundreds of millions of dollars. In a campaign called "Every Door Direct Mail," the Postal Service is touting a year-old online tool to help small businesses micro-target direct mail. The Web tool allows firms to tap customers by neighborhood or zip code without names or addresses. The Postal Service reported a $5.1 billion loss for the year ended Sept. 30. The loss was caused by an ongoing decline in its core revenue driver, regular letters...
  • Kodak and the Post Office (Thomas Sowell)

    01/09/2012 11:41:58 AM PST · by jazusamo · 68 replies
    Creators Syndicate ^ | January 10, 2012 | Thomas Sowell
    The news that Eastman Kodak is preparing to file for bankruptcy, after being the leading photographic company in the world for more than a hundred years, truly marks the end of an era. The skills required to use the cameras and chemicals required by the photography of the mid-19th century were far beyond those of most people — until a man named George Eastman created a company called Kodak, which made cameras that ordinary people could use. It was Kodak's humble and affordable box Brownie that put photography on the map for millions of people, who just wanted to...
  • Email Isn't Killing The Post Office

    12/12/2011 4:34:51 AM PST · by Kaslin · 93 replies · 1+ views ^ | December 12, 2011 | Jeff Jacoby
    IT'S GROUNDHOG DAY at the US Postal Service: time once again for the familiar laments about how the agency's financial losses are surging, how demand for its services is plummeting, and how officials have no choice but to close local facilities, raise the price of stamps, and reduce delivery standards. Last week the Postal Service announced plans to cut $3 billion in costs by slowing down first-class mail service and eliminating about half of the country's 461 mail-processing centers. That would mean an end to next-day delivery of first-class mail. Although that might not seem like much of a threat...
  • Officials, workers, public rally to demand Postal Service keep Stewart facilities open

    12/01/2011 10:53:31 PM PST · by Impala64ssa · 7 replies
    Times Herald-record Middletown, NY ^ | 12/1/11 | Michael Randall
    MONTGOMERY — Public officials, postal workers and the general public lined up Thursday night to tell U.S. Postal Service officials why the Mid-Hudson Processing and Distribution Center should be spared. And at least one member of the audience couldn’t wait his turn to speak. “Tell them to bring Albany’s mail here,” shouted a man in the audience as the first speaker, Orange County Executive Ed Diana, was finishing his remarks. The U.S.P.S. is studying consolidating its processing operation at the local plant at Stewart International Airport with a plant in Albany. The Postal Service says the move will save $15.3.million...
  • Overhauling the Post Office for the 21st Century

    11/24/2011 7:37:36 PM PST · by danjoyal · 21 replies
    The New York Times ^ | November 24, 2011 | Editorial
    <p>The United States Postal Service spent its 200th year fending off default and pleading with Congress to give it the authority to compete in the booming world of e-commerce. Designed as a quasi-private business run without public financing, the Postal Service, nevertheless, is firmly under the thumb of the Capitol, where compromise is urgently needed if the service is to profitably reform.</p>
  • Why Government can’t run a business. The Postal Service vs (gulp) The NY Times

    09/22/2011 9:42:35 AM PDT · by Corky Boyd · 13 replies
    Island Turtle ^ | September 22, 2011 | Corky Boyd
    The United States Postal Service has spread the alarms. It has run through a $12 billion federal loan that has kept itself afloat for the past two years and it is now looking for a bailout. It cites declining revenues because of the internet, the inordinate cost of its pension program and the inability to control labor costs because of no-layoff provisions in its union contracts. It wants to cut service to 5 days a week, possibly more and it is planning to slow the delivery of first class mail. It has talked about reductions in force of 120,000, but...
  • Obama's Postal Service plan would cut Saturday mail

    09/19/2011 12:33:59 PM PDT · by Sub-Driver · 109 replies
    Obama's Postal Service plan would cut Saturday mail By Emily Stephenson 15 mins ago WASHINGTON (Reuters) – The Obama administration's plan to rescue the U.S. Postal Service would allow the agency to end Saturday mail delivery and sell non-postal products, according to documents released on Monday. The plan, introduced alongside a deficit-reduction package, also would restructure a massive annual payment to prefund retiree health benefits and refund $6.9 billion the mail carrier says it overpaid into a federal retirement fund. The White House says its plan would save the Postal Service more than $20 billion in the next few years....
  • US Postal Service eyes 35,000 job cuts

    09/15/2011 9:20:38 PM PDT · by 2ndDivisionVet · 27 replies
    The Jakarta Globe / AFP ^ | September 16, 2011
    The US Postal Service unveiled Thursday a drastic downsizing scheme for the embattled public company, including cutting 35,000 jobs, as it seeks to avoid collapse amid a "new reality" in the economy. "Faced with a massive nationwide infrastructure that is no longer financially sustainable," the USPS said it was proposing sweeping changes aimed at saving the organization up to $3 billion a year. Among the proposals being studied were cutting more than half of its processing facilities, limiting service, and eliminating as many as 35,000 jobs, the company said in a statement.
  • White House to Propose Plan to Help Postal Service (Unions stick to no-layoff clause)

    09/07/2011 3:53:24 AM PDT · by tobyhill · 36 replies
    ny times ^ | 9/7/2011 | steven greenhouse
    The Obama administration said on Tuesday that it would seek to save the deficit-plagued Postal Service from an embarrassing default by proposing to give it an extra three months to make a $5.5 billion payment due on Sept. 30 to finance retirees’ future health coverage. Speaking at a Senate hearing, John Berry, director of the federal Office of Personnel Management, also said the administration would soon put forward a plan to stabilize the postal service, which faces a deficit of nearly $10 billion this fiscal year and had warned that it could run out of money entirely this winter. “We...
  • Postal Service paying fewer workers to do nothing

    08/29/2011 6:27:44 AM PDT · by Second Amendment First · 25 replies
    Washington Post ^ | August 29, 2011 | Ed O'Keefe
    The U.S. Postal Service, expecting $7 billion in losses this year amid slumping mail volume, is still paying thousands of its workers millions of dollars each year to do nothing. But it’s paying tens of millions of dollars less for “standby time” than it did just two years ago, according to a new report. Long-standing labor agreements with two major postal unions prohibit the Postal Service from laying off or reassigning workers because of broken equipment or periods of low mail volume. Instead, idled employees show up for work, sit in a break room or cafeteria and do nothing. Standby...
  • Oversight Committee Launches Postal Reform Site

    09/01/2011 8:41:22 AM PDT · by 92nina · 8 replies
    Center for Fiscal Accountability ^ | 2011-09-01 | Jacob Feldman
    ...As a government-run organization, the Post Office is isolated from the innovation of marketplace competition. Unlike its private sector competitors, the Postal Service does not pay the corporate income tax, is exempt from anti-trust laws, and is advantaged by unique customer access opportunities such as having mailboxes on the street. Despite these legal protections, USPS spends in the red while generously paying employee benefits above and beyond levels for other federal workers. While postal workers only pay 21 percent of health care costs and none of their life insurance premiums, federal workers pay 28 percent of healthcare costs and are...
  • Postal Service Struggles to Stay Solvent, and Relevant (may shut down this winter)

    09/04/2011 4:49:11 PM PDT · by Free ThinkerNY · 201 replies
    NY Times ^ | Sept. 4, 2011
    The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless Congress takes emergency action to stabilize its finances. “Our situation is extremely serious,” the postmaster general, Patrick R. Donahoe, said in an interview. “If Congress doesn’t act, we will default.” In recent weeks, Mr. Donahoe has been pushing a series of painful...
  • Postal Service Is Nearing Default as Losses Mount

    09/04/2011 7:16:33 PM PDT · by caper gal 1 · 33 replies
    The NY Times ^ | Sept. 4, 2011 | STEVEN GREENHOUSE
    The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless Congress takes emergency action to stabilize its finances. “Our situation is extremely serious,” the postmaster general, Patrick R. Donahoe, said in an interview. “If Congress doesn’t act, we will default.” In recent weeks, Mr. Donahoe has been pushing a series of painful...
  • Postal Service Is Nearing Default as Losses Mount [Coming Soon Major Government Bailout!]

    09/04/2011 7:39:45 PM PDT · by Steelfish · 32 replies
    NYTimes ^ | September 43, 2011 | STEVEN GREENHOUSE
    Postal Service Is Nearing Default as Losses Mount By STEVEN GREENHOUSE September 4, 2011 The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless Congress takes emergency action to stabilize its finances. “Our situation is extremely serious,” the postmaster general, Patrick R. Donahoe, said in an interview. “If Congress doesn’t act, we...
  • Postal Service Is Nearing Default as Losses Mount (USPS wants a taxpayer bailout for their union)

    09/05/2011 3:39:39 AM PDT · by tobyhill · 112 replies · 2+ views
    ny times ^ | 9/4/2011 | steven greenhouse
    The United States Postal Service has long lived on the financial edge, but it has never been as close to the precipice as it is today: the agency is so low on cash that it will not be able to make a $5.5 billion payment due this month and may have to shut down entirely this winter unless Congress takes emergency action to stabilize its finances. “Our situation is extremely serious,” the postmaster general, Patrick R. Donahoe, said in an interview. “If Congress doesn’t act, we will default.” In recent weeks, Mr. Donahoe has been pushing a series of painful...
  • Postal service may shut down for winter

    09/05/2011 3:54:28 PM PDT · by KeyLargo · 45 replies
    WGN ^ | Sep 5, 2011
    WGN Postal service may shut down for winter WGN News 3:03 PM CDT, September 5, 2011 Without emergency funding the postal service may have to shut down for the winter. The U.S Postal Service faces a $9 billion dollar deficit. The New York Times reports the agency doesn't have enough money to pay its bills and a $5.5 billion dollar payment is due this month. Possible cost cutting measures include eliminating Saturday delivery, closing up to 3700 post offices and laying off 120,000 workers. A congressional hearing on the matter is set for Tuesday.
  • The Post Office May Shut Down This Winter Unless Congress Authorizes A Bailout

    09/05/2011 6:03:41 AM PDT · by SeekAndFind · 116 replies
    Business Insider ^ | 09/04/2011 | Zeke Miller
    “Neither rain, nor snow, nor sleet, nor hail shall keep the postmen from their appointed rounds.” But unless Congress steps in, bankruptcy will. The New York Times reports that unless the House and Senate take drastic action in the next few months, one of the nation's oldest institutions — which employs 574,000 Americans — may be forced to shut down. A combination of labor costs and a declining number of packages and letters has the United States Postal Service running short on cash. The independent government agency will be unable to make a $5.5 billion payment to its employee healthcare...
  • USPS running out of cash; may default on pensions

    09/05/2011 9:37:00 AM PDT · by mdittmar · 131 replies
    KGO ^ | 9/5/11 | KGO
    The postal service says it's running out of cash and may not be able to make a $5.5 billion pension payment this month. In fact, the postmaster general says things are so tight, the postal service may have to shut down this winter unless congress takes emergency action to stabilize its finances.
  • Postal Service Facing Default, Shutdown Without Congressional Intervention (Save yourself!)

    09/05/2011 10:57:27 AM PDT · by tobyhill · 30 replies
    fox news ^ | 9/5/2011 | fox news
    The head of the U.S. Postal Service said in an interview that the organization will default -- perhaps as early as this winter -- unless Congress intervenes. Postmaster General Patrick Donahoe's comments reflect a well-known reality that the Postal Service is in dire financial straits. The rise of email and online bill-paying has steadily eroded its profits over the years while labor costs soar. Donahoe is calling for a host of changes, including the elimination of Saturday delivery, to close a deficit projected to top $9 billion this year. But he said Congress needs to step in to help keep...