Readers' Comments
Total Comments: 11
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Page 1 of 1
Postal Service Ends Third Quarter with $2.4 Billion Loss
Total Comments: 11
Page 1 of 1
Page 1 of 1
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| Close | Change | YTD | |
| G | $13.2022 | +0.0012 | +0.63% |
| F | $13.5899 | +0.0037 | +1.91% |
| C | $13.6954 | +0.0597 | +3.61% |
| S | $17.9490 | +0.0599 | +9.04% |
| I | $18.4015 | +0.0123 | -0.73% |
| Close | Change | YTD | |
| L 2040 | $16.1183 | +0.0405 | +3.09% |
| L 2030 | $15.8887 | +0.0354 | +2.77% |
| L 2020 | $15.6748 | +0.0291 | +2.31% |
| L 2010 | $15.4271 | +0.0128 | +1.36% |
| L Income | $14.0583 | +0.0103 | +1.28% |
March 12, 2010
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bloated management and support staff
USPS
Wed Aug 5, 2009 2:40 PM
Post Reply
USPS continues to curtail services and reassign workers in reaction to continuing mail volume declines.
However, the weight of multiple levels of management and support staff makes a financial turnaround a near impossibilty for the agency.
Congressional involvement seems a certainty.
Government run enterprise
FLRA
Wed Aug 5, 2009 4:40 PM
Post Reply
In my mind, this is all just indicative of how well the government can run a business. What's frightening is now the government is running GM and Chrysler and also wants to run health care. That should all go over really well.
Re: Government run enterprise
Dept. of Army
Thu Aug 6, 2009 6:23 AM
Re: Government run enterprise
FAA
Thu Aug 6, 2009 11:59 AM
Let's begin by shutting down agencies, and getting rid of employees. How about we start with the FLRA. It's run by the government, and thus a complete waste.
Yes, However
Postal Service
Thu Aug 6, 2009 6:37 AM
Post Reply
That loud SUCKING SOUND,
Is still the VPs and District offices are getting bonuses, free cars, gas cards. Not to mention closing neighborhood Post Offices while maintaining high rent Corp. offices and super slueth toys for the overpaid security guard Inspectors...
Re: Yes, However
USPS
Thu Aug 6, 2009 5:14 PM
give them a day off
irs
Thu Aug 6, 2009 10:39 AM
Post Reply
Nobody really cares if they take a day off. All the other government agencies only work a 5 day week.
Give them saturdays off so they can spend time with their families.
There has been a hiring freeze at the post office for years. These people often work 10 hour days just to get the mail delivered. Managment thinks it is cheaper to pay over time then to hire and pay benefits.
What a waste.
Pay unemployment to somebody instead.
So many places they could cut costs without cutting services. But then again, congress tells them what they can and cant do........nuff said.
Government run enterprise
DOD
Thu Aug 6, 2009 1:53 PM
Post Reply
So, anybody out there suprised???
What do have when a GOVT controls it`s People
Retired
Mon Aug 17, 2009 9:29 AM
Post Reply
Raising the cost is a mistake. Cut the FAT.. more contract labor. Make those on WELFARE walk and deliver Mail, seeing that they want to live off the Govt..let them be the solution...
bet they would get a job overnight. SHUT DOWN USPS as there so called on time delivery SUX bigtime. the online tracking Dept. needs to be fired ASAP. tracking is non existant,, try it I dare you.. 3 to 7 days after delivery then it shows up online.. I for one see a dictatorship right around the corner. WE THE PEOPLE are now cowards in the corner..
Causes of the Loss
USPS
Wed Aug 26, 2009 10:40 AM
Post Reply
The loss was caused by a combination of the following factors: (1). the long-term decline in mail volume caused by the shift to electronic communications media; (2). the short-term decline in mail volume cause by the economic crisis; (3). last year's high energy costs; a 1-cent increase in the cost of gasoline costs USPS 8 million dollars, due to the size -- 200,000+ -- of our fleet; and (4). the 2006 law requiring USPS to permanently prefund all of its future retiree health benefit cost within a mere 10 years. This last requirement is unprecedented; no entity has never been subject to such a draconian measure. Without it, we would have been profitable the past 2 years, instead of taking huge losses. We are the only agency that generates large revenues, and Congress views us as a cash cow; they required us to create this huge fund to hide some of their other spending. There are bills pending to correct this. Meanwhile, we have managed to keep service high and prices low.
Re: Causes of the Loss
USPS wife
Mon Oct 5, 2009 8:24 AM
What I don't understand is that at my husband's office, they eliminated nearly all the jobs on day shift and moved everyone to overnights. This is the most expensive shift. It has ruined our family life (after 21 years, we were hoping he might get a weekend day off in the next few years--now he has overnights with Tuesdays and Wednesdays off). That's fine; it's the job. But it costs the PO more this way. And now they're bringing people from the night shift in on overtime to cover the empty day shift. Plus, for the first time, the office is beginning to fall behind on its quotas. So where are they saving? It seems like they're just trying to make people miserable so they'll leave, and cheaper workers can come in in the future.