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re: Why is the USPS allowed to continue to operate at a loss each and every year?
Posted on 4/2/24 at 9:18 pm to HailHailtoMichigan!
Posted on 4/2/24 at 9:18 pm to HailHailtoMichigan!
And the USPS is delivering a bunch of that stuff. Companies can easily use FedEx or UPS but a resident of a small town cannot. Grandma isn’t printing labels off the internet.
1
Posted on 4/2/24 at 9:18 pm to BuckyCheese
Their service is horrible. Don't compare them to FedEx or UPS.
Posted on 4/2/24 at 9:22 pm to chili pup
Someone posted here on TD that by far the major USPS debt comes not from operational costs but from pensions
Posted on 4/2/24 at 9:24 pm to chili pup
Constitutionally, the Fed has to provide this service and not necessarily at a profit. Although, it could easily be trimmed to break even status if you could rid it of the outrageous pensions, etc. fed employs are offered.
Posted on 4/2/24 at 9:58 pm to Kafka
quote:
Someone posted here on TD that by far the major USPS debt comes not from operational costs but from pensions
Apparently few people here have bothered to figure why USPS recently started operating at a loss. They actually provide a service that did (and still would) run entirely on the revenue generated from postage, if not for Congress. Virtually all of the USPS’ operating losses are due to the fact that Congress passed a law requiring them to pre-fund 75 years of future retirement benefits.
Their pension (like most) is bloated, and a huge liability at this point. But they are actually one of the more efficient government services. Maybe the most efficient and effective. And would be profitable if not for the government…which is ironic.
Posted on 4/2/24 at 10:08 pm to YipSkiddlyDooo
quote:
Apparently few people here have bothered to figure why USPS recently started operating at a loss. They actually provide a service that did (and still would) run entirely on the revenue generated from postage, if not for Congress. Virtually all of the USPS’ operating losses are due to the fact that Congress passed a law requiring them to pre-fund 75 years of future retirement benefits.
Their pension (like most) is bloated, and a huge liability at this point. But they are actually one of the more efficient government services. Maybe the most efficient and effective. And would be profitable if not for the government…which is ironic.
I would operate it with two pennies on top of the the negative.
Many do not know how far .02 cents can go multiplied by 2 billion
This post was edited on 4/2/24 at 10:22 pm
Posted on 4/2/24 at 10:25 pm to chili pup
Because the entire Government has been a shining example of "Who Cares" for decades. More precedent without pushback.
Posted on 4/2/24 at 11:07 pm to chili pup
Cause Shaniqua gots to have them benefits, but calls in 3 days/week. That’s when 25 yr veteran Tom comes in to work her shift at $175/hr on his grandfathered Pay/OT plan.
***Info provided by a long time postal worker and friend***
***Info provided by a long time postal worker and friend***
Posted on 4/2/24 at 11:33 pm to Auburn80
WTF? I haven't not pre-printed a USPS label in 15 years, the same as I haven't not pre printed a Fedex/UPS label in the same amount of time.
You are incorrect, you can live in BFE, and Amazon, UPS, and Fedex will give you a delivery expectation and likely hit it. Meanwhile, USPS will take 3 weeks to forward mail from one zipcode over.
There are plenty of POs that have a steady flow of old farkers and foreigners paying whatever they're told at the counter. Ask yourself, why wasn't USPS competitive in bidding on being the intermediary for Amazon/Fedex/UPS as opposed to USPS? Why couldn't USPS have built a fleet of older planes that nobody wanted and made their own network?
Let me guess, not enough money from FedGov.
Because they operate like a government agency.
You are incorrect, you can live in BFE, and Amazon, UPS, and Fedex will give you a delivery expectation and likely hit it. Meanwhile, USPS will take 3 weeks to forward mail from one zipcode over.
There are plenty of POs that have a steady flow of old farkers and foreigners paying whatever they're told at the counter. Ask yourself, why wasn't USPS competitive in bidding on being the intermediary for Amazon/Fedex/UPS as opposed to USPS? Why couldn't USPS have built a fleet of older planes that nobody wanted and made their own network?
Let me guess, not enough money from FedGov.
Because they operate like a government agency.
Posted on 4/2/24 at 11:46 pm to Cold Cous Cous
This.
Usps is shite... but it's a needed service. If one day the USPS is no more, FedEx and ups will increase their current prices by around 500%, imo. If we factor in ups and FedEx needing to build up more infrastructure to effectively replace the service of USPS, then they may jack up their prices 1000%. At that time, mailing anything will be considered a luxurious thing to do only if you are somewhat wealthy.
Usps is shite... but it's a needed service. If one day the USPS is no more, FedEx and ups will increase their current prices by around 500%, imo. If we factor in ups and FedEx needing to build up more infrastructure to effectively replace the service of USPS, then they may jack up their prices 1000%. At that time, mailing anything will be considered a luxurious thing to do only if you are somewhat wealthy.
Posted on 4/2/24 at 11:56 pm to slaphappy
quote:
USPS can never be self sufficient. Deliver every day to every location in the US, no matter how remote.Retirement must be fully funded. If you say, give it to UPS or FedEx, they don't not have the infrastructure. Also, those two, along with Amazon are the USPS' largest customers.
All this.
Posted on 4/3/24 at 12:08 am to Plx1776
quote:
FedEx and ups will increase their current prices by around 500%, imo
Your estimate is based on what?
Amazon built an infrastructure for delivery from 0, PDQ, and is profiting. But catastrophe?
quote:
jack up their prices 1000%
based on what?
Posted on 4/3/24 at 12:13 am to chili pup
Imagine if all companies with a pension plan had to fully pre fund their pension plan.
Imagine if state and local governments had to fully pre fund their pension plans.
The annual net losses would be insane
Imagine if state and local governments had to fully pre fund their pension plans.
The annual net losses would be insane
Posted on 4/3/24 at 3:27 am to CDawson
quote:
Constitutionally, the Fed has to provide this service
Dead wrong.
Posted on 4/3/24 at 11:08 am to YipSkiddlyDooo
quote:
Virtually all of the USPS’ operating losses are due to the fact that Congress passed a law requiring them to pre-fund 75 years of future retirement benefits.
Would be hilarious if UPS or FedEx had to pre-fund the retirements of employees that aren't even born yet.
Posted on 4/3/24 at 11:23 am to chili pup
Odd also when you figure they scored the delivery contract for Amazon shipping.
Posted on 4/3/24 at 12:08 pm to YipSkiddlyDooo
quote:
Apparently few people here have bothered to figure why USPS recently started operating at a loss.
USPS has operated at a loss all but 10 years since 1960.
quote:
They actually provide a service that did (and still would) run entirely on the revenue generated from postage
Not even close. Plus, their plan to be all-electric by 2030, will dwarf the pension costs.
Posted on 4/3/24 at 12:21 pm to chili pup
quote:
Why is the USPS allowed to continue to operate at a loss each and every year?
Because UPS, Amazon, and others can cherry pick high population markets and can shed low value rural ones.
Posted on 4/3/24 at 12:23 pm to Cheese Grits
I just don't get riled up about USPS. We should have a public mail system. It should be more efficient and it being subject to Federal shows of moral preening (electric vehicle fleet, etc.) is a problem, but it shouldn't be abandoned.
Honestly I prefer Priority Mail over UPS ground a lot of the time.
Honestly I prefer Priority Mail over UPS ground a lot of the time.
Posted on 4/3/24 at 1:14 pm to chili pup
Tradition.....mostly
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