USPS posts $3.1 billion loss in Q3, warns of default

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  • Scorpion
    SBR Hall of Famer
    • 09-04-05
    • 7797

    #1
    USPS posts $3.1 billion loss in Q3, warns of default
    The latest news and headlines from Yahoo News. Get breaking news stories and in-depth coverage with videos and photos.
  • Ninersnut
    SBR MVP
    • 05-20-10
    • 3730

    #2
    We are gonna start getting mail every 3 days or so. They should just let it go private. Government workers are seriously the worst. Laziest and most uneducated ppl I have met.
    Comment
    • crustyme
      SBR Posting Legend
      • 09-29-10
      • 16896

      #3
      well, what do you expect when you only charge 44 cents for mail.

      if it goes private, they'll start charging $5 a mail.
      Comment
      • kisado
        SBR Wise Guy
        • 09-09-08
        • 519

        #4
        I go to the post office almost every day to drop things off for work. The workers there are the worst. Absolutely inept, lazy, and rude. No wonder they "go postal"
        Comment
        • Marv001
          SBR MVP
          • 02-27-10
          • 1147

          #5
          I find it hard to believe the USPS is losing money.
          Comment
          • rggolds8
            Restricted User
            • 04-18-11
            • 134

            #6
            just like big goverment they are run the same way it is no wounder they are loosing money
            Comment
            • dbartinbwgc
              SBR Wise Guy
              • 11-11-08
              • 795

              #7
              The 44 cents they charge for first class mail is not the problem
              neither is the discounted bulk mail.
              It the express mail and packages that they lose money on because they use the first class mail to subsidize the cost. thats why a few years back FedEX and UPS went to congress to try and stop them from doing it.
              Also when you have a very top heavy management, workers that do a 4-6 hour day and streach it into a 8 hour day, have locations that have several full time employees with benefits that bring in less then $10k a year, and that pay outside Trucking companies to move the mail at a much higher cost then they should.
              If it was a real private business they would of been bankrupt long time ago.
              I am sure being a postal worker is hard work and i'm sure they feel they are under paid.
              But remember it's delivering mail, not brain surgery.
              I did the same thing when i was 10yrs old with a paper route, and i was responsible
              for collecting money
              Comment
              • l7ustin
                SBR MVP
                • 10-09-08
                • 3914

                #8
                lmao another us government fail. i wish someone would fix this shit.
                Comment
                • White Rhino
                  SBR Wise Guy
                  • 09-05-09
                  • 601

                  #9
                  I maybe use the mail system 5 times a year. other than that its all email.
                  Comment
                  • soxwin
                    SBR MVP
                    • 01-05-10
                    • 1885

                    #10
                    Originally posted by Ninersnut
                    We are gonna start getting mail every 3 days or so. They should just let it go private. Government workers are seriously the worst. Laziest and most uneducated ppl I have met.
                    you must not read the threads on here then
                    Comment
                    • pico
                      BARRELED IN @ SBR!
                      • 04-05-07
                      • 27321

                      #11
                      maybe they should fire newman
                      Comment
                      • Roy Halladay
                        SBR MVP
                        • 09-27-10
                        • 1074

                        #12
                        because the mail never stops! it just keeps coming and coming, and just when you think youre done theres more, then it's publishing clearing house day
                        Comment
                        • JDUB07
                          SBR MVP
                          • 10-09-08
                          • 1721

                          #13
                          Yeah their is a big difference. UPS, FedEx & DHL will bust their ass out their for you. And USPS is not the same level of customer service.
                          Comment
                          • head_strong
                            SBR MVP
                            • 07-02-08
                            • 4318

                            #14
                            that number seems a little to big...
                            Comment
                            • Scorpion
                              SBR Hall of Famer
                              • 09-04-05
                              • 7797

                              #15
                              Originally posted by White Rhino
                              I maybe use the mail system 5 times a year. other than that its all email.
                              I use it only 2-3 times a year, I just use online bill payments
                              Comment
                              • I/O
                                SBR Hall of Famer
                                • 05-26-11
                                • 7922

                                #16
                                The government has never had any success with a business THEY HAVE A MONOPOLY IN

                                yet tons of little kiddies in here want the government to have MORE control

                                Comment
                                • crustyme
                                  SBR Posting Legend
                                  • 09-29-10
                                  • 16896

                                  #17
                                  they need to raise postage rate to $1, stop sat deliveries and eliminate the 'if it fits, it ships'.

                                  ive shipped items that would normally cost $15 with ups/fedex for $4.90 with usps. it's crazy.
                                  Comment
                                  • soxwin
                                    SBR MVP
                                    • 01-05-10
                                    • 1885

                                    #18
                                    They have started heading in the right direction by closing all the useless post offices. Just in my town they have 2 post offices. A huge one in the center of town and then a rinky dink one that has no carriers, one clerk and one manager. It is just there to sell PO Boxes. They close that and they have saved themselves

                                    $125k in salaries(assuming they are not just moved to another office)
                                    rent for the space
                                    benefits for the 2 workers

                                    all told it is probably $250K right there. That is just one office. Do that times all these useless PO's with small manpower Across USA that is a lot of cake saved.

                                    Then they truly have to become self governing.

                                    The PO makes all their money from selling of products, yet they can't set the rates for the products. Congress sets the rates for post office products and to change the rates, congress has to approve it. Postal rates are so cheap b/c congress won't approve the rate hikes necessary to make them competitive.

                                    They are too worried about the backlash that would happen. Like someone wouldn't vote for them if they made a stamp 50 cents.

                                    The post office's problems are not unsolvable, they are just dealing with levels of red tape that are putting them behind the times
                                    Comment
                                    • jarvol
                                      SBR Hall of Famer
                                      • 09-13-10
                                      • 6074

                                      #19
                                      Originally posted by l7ustin
                                      lmao another us government fail. i wish someone would fix this shit.
                                      ...
                                      Attached Files
                                      Comment
                                      • pronk
                                        Restricted User
                                        • 11-22-08
                                        • 6887

                                        #20
                                        Originally posted by crustyme
                                        they need to raise postage rate to $1, stop sat deliveries and eliminate the 'if it fits, it ships'.
                                        If they raise it to a dollar for a first class stamp, these idiots will find the way to lose $10 billion.
                                        Comment
                                        • Joe Dogs
                                          SBR MVP
                                          • 07-20-09
                                          • 1931

                                          #21
                                          Spend 44 cents to send a letter or send a E-mail for free....No contest.

                                          5 day delivery coming soon...... Saturday mail delivery,never more.
                                          Comment
                                          • masr
                                            SBR MVP
                                            • 10-20-07
                                            • 4773

                                            #22
                                            The post office workers are the most laziest, most unhelpful, unenthusiastic people in any industry...and thats a fact
                                            Comment
                                            • LiarGame
                                              SBR Wise Guy
                                              • 02-05-10
                                              • 565

                                              #23
                                              Everyone is in bad shape all around.
                                              Comment
                                              • deeznutz420
                                                SBR Rookie
                                                • 06-01-11
                                                • 13

                                                #24
                                                Originally posted by crustyme
                                                well, what do you expect when you only charge 44 cents for mail. if it goes private, they'll start charging $5 a mail.
                                                I totally disagree. If USPS goes private, the free market will dictate a cheaper more efficient way to receive mail. First of all, no one would get paper mail. Everything would go electronic except for packages. Why do we even get paper mail? It's stupid.
                                                Comment
                                                • TodayIsForgotten
                                                  SBR Wise Guy
                                                  • 06-19-06
                                                  • 534

                                                  #25
                                                  Originally posted by deeznutz420
                                                  I totally disagree. If USPS goes private, the free market will dictate a cheaper more efficient way to receive mail. First of all, no one would get paper mail. Everything would go electronic except for packages. Why do we even get paper mail? It's stupid.
                                                  I don't know. It would still be nice to know my mail is real and not digital like the direction money is heading.
                                                  Comment
                                                  • soxwin
                                                    SBR MVP
                                                    • 01-05-10
                                                    • 1885

                                                    #26
                                                    This why the post office will be relevant for a long time. This article was as of last year.

                                                    Comment
                                                    • ColdBeerHere
                                                      SBR MVP
                                                      • 03-25-11
                                                      • 3626

                                                      #27
                                                      I was going to post something really nasty about our govt.....but i'll refrain....
                                                      Comment
                                                      • tanner40
                                                        SBR MVP
                                                        • 03-24-10
                                                        • 2129

                                                        #28
                                                        Government isn't designed to make money or be efficient.

                                                        Think of the salaries some of these people are making. It doesn't make economic sense. Same thing as what happened to Detroit
                                                        Comment
                                                        • Doc JS
                                                          SBR Hall of Famer
                                                          • 09-15-06
                                                          • 6885

                                                          #29
                                                          and the salaries they pay those idiots...
                                                          Comment
                                                          • I/O
                                                            SBR Hall of Famer
                                                            • 05-26-11
                                                            • 7922

                                                            #30
                                                            Originally posted by jarvol
                                                            ...

                                                            be realistic for once
                                                            Comment
                                                            • frostno98
                                                              SBR Hall of Famer
                                                              • 09-11-07
                                                              • 9769

                                                              #31
                                                              As long as EBay exist their will always be US Mail.
                                                              Comment
                                                              • jw
                                                                SBR MVP
                                                                • 10-25-09
                                                                • 3999

                                                                #32


                                                                If one was to believe the recent propaganda by the Postmaster General, you would think the internet, the economy and the declining mail volume has made the United States Postal Service (USPS) unprofitable- thus they must eliminate Saturday delivery and close local Post Offices in order to survive. This is simply not accurate. While it is true that mail volume has declined over the past ten years, the Postal Service, with cooperation from its labor unions, has made the appropriate business decisions to remain competitive and efficient. The real reason behind the "loss" of billions is a law that requires the Postal Service to pre-fund its future retiree's health benefits for the next 75 years. That mandate, enacted during the Bush-era (2006), requires this to be done in ten years.

                                                                That's right – the USPS is required by law (not by its labor unions) to contribute over $5 billion annually to pay for the future health benefits of carriers and employees that have yet to be hired.
                                                                The National Association of Letter Carriers is aware of this, which is why we have been working hard to get Congress to relieve the Postal Service of this unreasonable and unfair burden. No other company in the private or public sector is required to do this so neither should the Postal Service. We have also worked with the Postal Service to find win-win solutions to all the challenges that we face now and in the future. We are looking for new ways to utilize the world's best Postal network and delivery fleet. Our members have helped identify additional sources of revenue and we have jointly worked with the Postal Service to adjust letter carriers' routes to reflect current mail volume.

                                                                Over the past 10 years while the Postal Service loss 14 percent of its mail volume; it has also cut its workforce by nearly 25 percent. That means postal employees have been more efficient while delivering mail to every American home six days a week. We understand that working together we can avoid cuts in service that would eventually lead to the end of the USPS. As letter carriers we also realize there are many who still rely on the Postal Service as a primary source of communication. Recent polls that suggest Saturday deliveries would not be missed are misleading. In this age of instant technology there still exist a great "digital divide."

                                                                The fact remains that everyone does not pay their bills online or even have access to the internet. Those who live in rural communities, low-income areas, and the elderly would be impacted the most by the slower delivery time that would result from just one less day of mail service. The Postal Service is still very relevant and for only 44 cent a stamp we don't require a dime of your tax dollar! If it was not for the congressional mandate to pre-fund our retirement, the Postal Service would have seen profits of over a half a billion dollars over the past five years. Right now the United States Postal Service does not need to close post offices, reduce services or a bailout -- we just need Congress to fix the law that is breaking your Postal Service.
                                                                Comment
                                                                • Bluehorseshoe
                                                                  SBR Posting Legend
                                                                  • 07-13-06
                                                                  • 14998

                                                                  #33
                                                                  If it wasn't for the Sportsbooks sending me three NFL ATS books a day from Florida, the Post Office would have been out of business years ago. My mailman looks like he's dying every August.
                                                                  Comment
                                                                  • TheMoneyShot
                                                                    BARRELED IN @ SBR!
                                                                    • 02-14-07
                                                                    • 28672

                                                                    #34
                                                                    I really don't know what to make of this?

                                                                    Ebay is one of the biggest empires around... they recommend USPS on every shipping transaction. You can even buy postage right from ebay or paypal. It's pretty simple... self explanatory... Um.... how in the hell are they losing money??? There's some mismanagement somehwere.... So which a$$ho#$ is getting paid a 200k salary a year for sitting on his a$$ everyday??? I want to know.

                                                                    And I don't believe in this BS about many people paying their bills online... my parents still pay all of their bills using stamps etc. They don't even know how to use the internet...
                                                                    Comment
                                                                    • Cap dat 4ss
                                                                      Restricted User
                                                                      • 10-11-10
                                                                      • 3665

                                                                      #35
                                                                      I could really could not care any less if the USPS went to 2 day/week Mail. Mondays and Thursdays. It really doesn't affect my life that much either way. I can't think of something I've ever received that had to get to me the day I got it. And maybe only a few things that absolutely had to go out on the day I sent it and that was only because I was being a procrastinator.

                                                                      Bottom line the government is horribly inefficient and they're running our country into the ground.
                                                                      Comment
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