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US Post Office Reports $1.9B Loss - IN A QUARTER
Posted on 5/9/14 at 4:21 pm
Posted on 5/9/14 at 4:21 pm
LINK
quote:
The agency said Friday that the loss for the quarter ended March 31 matched the $1.9 billion in red ink in the same period last year. And it came despite a 2.3 percent rise in its operating revenue and continued cost-cutting efforts.
Postal officials have been asking for comprehensive legislation that includes a different delivery schedule, greater control over its personnel and benefit costs and more flexibility in pricing and products.
Though various legislative proposals have been advanced, Congress has been unable to pass a bill with the requested changes.
19
Posted on 5/9/14 at 4:25 pm to DeltaDoc
One of many examples of gov't ineptitude and inefficiency.
Posted on 5/9/14 at 4:28 pm to DeltaDoc
The way they do business sucks, I recently paid to have a package delivered by 9:oo a.m. Not only was it not there at nine they said the fine print stated they had til three p.m. to deliver it.
Posted on 5/9/14 at 4:28 pm to DeltaDoc
quote:What they need is a PostalExchange Website. I hear Sebelius is available to lend a hand.
US Post Office Reports $1.9B Loss - IN A QUARTER
Posted on 5/9/14 at 4:28 pm to DeltaDoc
Posted on 5/9/14 at 4:30 pm to DeltaDoc
I post this in every Post Office thread.....
Let the Post Office die.
You see, this thing was invented a few years ago, you might have heard of it..... the Internet.
Let the Post Office die.
You see, this thing was invented a few years ago, you might have heard of it..... the Internet.
Posted on 5/9/14 at 4:30 pm to DeltaDoc
Posted on 5/9/14 at 4:33 pm to rintintin
Wait until they're in full control of healthcare.
Posted on 5/9/14 at 4:35 pm to Plan 9
quote:
Wait until they're in full control of healthcare.
If you want to know why the govt shouldn't be in charge of healthcare, you really shouldn't have to look any further than the post office.
Posted on 5/9/14 at 4:40 pm to DeltaDoc
What is the big deal? Just a couple of billion....
Posted on 5/9/14 at 4:40 pm to upgrayedd
quote:
If you want to know why the govt shouldn't be in charge of healthcare, you really shouldn't have to look any further than the post office.
Hellen Keller could see this and be able to tell the world about it. It's comical that the liberal nutjobs in this country can't see it.
Posted on 5/9/14 at 4:42 pm to DeltaDoc
Give me a chance to save the county 100MM!! I can prop up as many useless government workers in redundant jobs, deliver mail late..... and do it for only a 1.8 billion dollar quarterly loss.
Posted on 5/9/14 at 4:49 pm to DeltaDoc
Honestly... They need to hire a VP from Fedex or UPS to show them how to run it.
It's obvious the people in charge are inept.
It's obvious the people in charge are inept.
Posted on 5/9/14 at 4:51 pm to gatorrocks
Rex loves him some USPS
Posted on 5/9/14 at 4:56 pm to Me4Heisman
BUT THEY CAN DELIVER A LETTER ACROSS THE COUNTRY FOR UNDER 50 CENTS!!!
(which apparently they cannot do)
(which apparently they cannot do)
Posted on 5/9/14 at 4:58 pm to DeltaDoc
But the idiots in Congress insist that we keep Saturday delivery.
Posted on 5/9/14 at 5:02 pm to mauser
Saturday delivery is but one of a laundry list of problems the USPS faces. Need to let it die, but the government does not let things die.
Posted on 5/9/14 at 5:12 pm to rintintin
The post office runs very well.
IT WAS NEVER DESIGNED TO MAKE MONEY.
IT WAS NEVER DESIGNED TO MAKE MONEY.
Posted on 5/9/14 at 5:13 pm to DeltaDoc
Go to any decent sized post office on any given afternoon and you'll see why they lose so much money. They'll have 2 of 6 windows open (with a mile long line waiting). Everybody else employed there is bullshitting/drinking coffee. Often in plain sight.
This post was edited on 5/9/14 at 5:14 pm
Posted on 5/9/14 at 5:15 pm to Rex
quote:
IT WAS NEVER DESIGNED TO MAKE MONEY.
It shouldn't be running record deficits either, Mr. Former CFO.
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