The United States Postal Service lost more than a billion dollars last quarter
How in the hell can you lose $1 billion? Oh yeah, I forgot this is the government we are dealing with.
The Postal Service had a net loss of more than a billion dollars in the third quarter of the fiscal year, the agency said Wednesday.
For the quarter ended June 30, the loss was $1.1 billion, which officials blamed on reduced mail volume in the slowed economy, coupled with rapidly rising transport costs because of high fuel prices.
There are two things that could easily fix those problems. Lower corporate tax rates to pick up the economy and how about drilling for our own oil and developing other alternative sources of energy to ease the cost of transportation! It’s not rocket science fools.
The post office is working to deal with its losses by cutting costs. The agency has reduced its staff by about 100,000 since 2000 and is offering early retirement to some clerks, mail handlers and supervisors.
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Tags: government, postal service, united states post office, usps
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December 2nd, 2008 at 1:13 am
The Post Office is such a dinosaur. We could be rid of it, save billions, get better customer service, and have economically and environmentally sustainable shipping companies take its place. UPS, Fedex, and the others would be more than happy to fill the gap. Sure there would be some bitching by a few here and there, but for most of us, we use these two companies instead of the USPS anyway. Which is probably why they’re really going under. Ever since they were forced to be more competitive and somewhat more independent by Reagen (and other leaders) they’ve (USPS) been closer and closer to the brink of collapse.