USPS to announce Saturday service cuts in effort to slash costs (CBS News)

USPS to announce Saturday service cuts in effort to slash costs (CBS News)



The United States Postal Service (USPS) is back at it again. Since they lost $16 billion (yes billion with a b) in 2012, the obvious choice is to cut Saturday mail delivery.
Open Mouth

According to reports the USPS saw a five percent decrease in the number of pieces of mail processed from 2009 – 2011. That decrease showed up in an operating loss for the USPS of $5.067 billion in 2011. Add to that loss the failure in 2012 of the USPS to meet two postal pension benefit payments. Those payments were for future postal retirees’ health benefits totaling $11.1 billion. Currently those payments to the U.S. Treasury are still in default.

Historically the competition problems that the USPS has not been able to overcome have come from FedEx, the Internet, and United Parcel Service (UPS). Piling on to the USPS woes, banks which featuring electronic payments, and the federal government who, beginning this year will stop mailing Social Security and other benefit checks, opting for direct deposit to receipients banks or debit cards.

 

USPS to announce Saturday service cuts in effort to slash costs (CBS News): “

CBS News:

USPS to announce Saturday service cuts in effort to slash costs  —  (CBS News) Get ready for some big changes in your mail service.  After losing $16 billion last year, the postmaster general will make announce Wednesday that the Postal Service intends to halt Saturday delivery of first-class mail …

(Via memeorandum.)

  • http://www.facebook.com/laura.kelly.566148 Kelly Laura

    Congress could stop that 2006 $5.5 billion annual mandate on the usps, that no other company in usa is required to pay. They’ve been struggling since. Congress adds that money to the federal budget. Also the usps overpaid it’s two pension plans(csrs and fers) by about $50-75 billion and cannot access those overpayments(probably already spent by congress). Congress is all about cutting services to american citizens and making working class struggle more. Congress wasn’t getting enough from usps so now they make them borrow more for them and say the usps needs a bailout!