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Keyword: usps

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  • USPS SLOWER THAN MUD

    09/20/2011 5:31:39 AM PDT · by SWAMPSNIPER · 44 replies · 1+ views
    self | Sept 20, 2011 | swampsniper
    I make many of my small purchases from Amazon or Ebay. Over the last few months the USPS delivery time for small parcels has almost doubled.I'm about ready to pay a little more for Fedex or UPS.
  • 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....
  • Hard test for postal service

    09/15/2011 1:36:08 PM PDT · by Graybeard58 · 29 replies
    Waterbury Republican-American ^ | September 15, 2011 | Editorial
    The real issue surrounding the U.S. Postal Service's financial crunch is not whether payroll, benefits and services should be cut, but whether they can be cut. The crisis in the postal service, an independent agency, portends deeper and equally intractable problems in the larger federal behemoth. Like most government agencies and many businesses, the postal service is trying to confront a perfect storm of diminishing revenue and rising costs. It expects to save $20 million this year by curbing what the postal service calls "standby time," in which workers have to be paid under their union contract for not working....
  • Postal Cuts Would Weigh On Minorities, Vets

    09/07/2011 7:43:44 AM PDT · by Abathar · 18 replies
    CNN/theindychannel.com ^ | September 7, 2011 | Jennifer Liberto
    <p>WASHINGTON (CNNMoney) -- Should the Postal Service get its way on laying off thousands of workers, the cuts would weigh heavily on two segments of the population hard hit in recent years: minorities and veterans.</p> <p>The U.S. Postal Service, teetering toward default, wants the power to cut 120,000 jobs by voiding labor protections for currently protected workers.</p>
  • 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...
  • Inspector general: Pension payment reform could cure Postal Service financial woes

    09/06/2011 11:59:42 AM PDT · by Colonel Kangaroo · 26 replies · 1+ views
    Direct Marketing News ^ | October 5, 2010 | Kate Muth
    The US Postal Service could fully meet its financial obligations, extinguish debt and have substantial cash flow if Congress rectifies the organization's possible overfunding of its pension and retiree healthcare funds, the USPS' Office of Inspector General (OIG) said in a summary report. The OIG has issued four reports in the past year on the Postal Service's possible overfunding of its pension funds and retiree healthcare fund. One report found that the USPS has overpaid the Civil Service Retirement System by about $75 billion since 1972 because of an outdated calculation method. Another report found that if the Postal Service...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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 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...
  • Oversight launches website to save USPS, counts down to postal service default

    09/01/2011 7:40:54 AM PDT · by martosko · 38 replies
    The Daily Caller ^ | 09/01/2011 | Alexis Levinson
    U.S. Postmaster General Patrick Donahoe has said that the United States Postal Service will default on its obligations to the federal government on September 30, at the end of the current fiscal year. Now the House Committee on Oversight and Government Reform has launched a website to educate the public about the Postal Service’s financial troubles and some possible solutions. The Postal Service lost $8.5 billion in the last fiscal year. Oversight committee chairman Rep. Darrell Issa, Republican from California, and other committee members have said the result will likely be a taxpayer bailout.
  • U.S. Sen. Bob Corker wary on Cleveland, Tenn. postal service cuts

    08/08/2011 10:13:17 PM PDT · by Tennessee Nana · 16 replies
    ChattanoogaTimesFreePress ^ | August 9, 2011 | Dave Flessner
    CLEVELAND, Tenn. — Eager to prevent the threatened closure of Cleveland’s downtown post office, Mayor Tom Rowland appealed Monday to U.S. Sen. Bob Corker to spare the Broad Street office. “We sure could use your help,” Rowland told Corker during a meeting with more than two dozen Cleveland business leaders. Corker listened politely but offered little encouragement about removing the post office from a list of 3,700 possible closings. “Every time a tough decision has to be made, I can’t be calling up and asking that the decision be reversed,” he said. With the Postal Service running an $8 billion...
  • To go Postal or not to go Postal

    08/14/2011 7:36:22 AM PDT · by Kaslin · 26 replies
    Townhall.com ^ | August 14, 2011 | Paul Jacob
    Yesterday’s front-page Washington Post headline screamed: “Proposal to slash horse & buggy jobs blasted by unions.” The Post went on to discuss a plan by horse-and-buggy management to “lay off 120,000 workers,” a move that “would further wound an already ailing labor movement.” Horse-and-buggy unions pleaded that “workers have made many concessions” previously “in an age of dwindling rider volume.” Wait a second . . . did I write “horse & buggy”? Heavens! I meant to write “postal,” as in the United States Postal Service. Just switch the word “postal” for “horse & buggy” and all is well. Or not...
  • Labor Fight Goes Postal as Unions Rip USPS Cost-Cutting Plan to Slash Jobs, Revamp Benefits

    08/13/2011 9:37:07 PM PDT · by Reagan is King · 78 replies
    www.foxnews.com ^ | August 12, 2011 | Staff @ FoxNews
    After skirmishes in Wisconsin, Ohio and Indiana, the next big union battle is brewing at your local post office. The U.S. Postal Service’s two largest unions blasted the financially strapped agency’s proposal to cut as many as 120,000 jobs and pull its workers out of the retirement and health benefits plans covering federal workers for a new benefit systems. The Postal Service, which is facing a second year of losses totaling $8 billion or more, would need congressional approval for its plan and cooperation from the postal unions, which have contracts that ban layoffs unless Congress intervenes. But the American...
  • Postal Service urges Congress to allow layoffs, cut benefits

    08/12/2011 8:20:45 AM PDT · by Hojczyk · 15 replies
    Yahoo Finance ^ | August 12,2011 | Laurie Segall,
    Hundreds of thousands of postal workers could soon lose their jobs, or face drastic changes to their benefits. According to documents obtained by CNNMoney, the United States Postal Service is appealing to Congress to remove collective bargaining restrictions in order to lay off 120,000 workers. It also wants congressional approval to replace existing government health care and retirement plans. The post office claims it needs to eliminate 220,000 positions, or more than 30% of its staff by 2015, but only 100,000 of those positions can be made through attrition. The other 120,000 must come from lay offs, according to the...
  • Postal Service proposes cutting 120,000 jobs, pulling out of health-care plan

    08/12/2011 6:41:40 AM PDT · by Lazamataz · 22 replies
    Washington Post ^ | 08/11/11 06:32 PM ET | By Joe Davidson,
    SEATTLE — The financially strapped U.S. Postal Service is proposing to cut its workforce by 20 percent and to withdraw from the federal health and retirement plans because it believes it could provide benefits at a lower cost. The layoffs would be achieved in part by breaking labor agreements, a proposal that drew swift fire from postal unions. The plan would require congressional approval but, if successful, could be precedent-setting, with possible ripple effects throughout government. It would also deliver a major blow to the nation’s labor movement.