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OT: Post Office reports record loss of 15.9 BILLION this year.


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Showing 1-25 of 37 posts in this discussion
Initial post: Nov 15, 2012 3:48:03 PM PST
Jawwaad says:
http://dailyitem.com/0100_news/x1562315329/Post-office-reports-record-loss-of-15-9-billion-this-year

Stop paying mailmen/women $20 an hour plus overtime to deliver mail

Posted on Nov 15, 2012 3:51:32 PM PST
Cheese and freaking rice are they trying to beat Sony's record or something?

In reply to an earlier post on Nov 15, 2012 3:52:04 PM PST
$20 an hour?!

Where do I sign up?

In reply to an earlier post on Nov 15, 2012 3:56:26 PM PST
Last edited by the author on Nov 15, 2012 3:56:37 PM PST
Jawwaad says:
Yeah Matthew. I had a co worker who got a job delivering mail about 3 months ago and they started him out at $21 an hour. He said gets overtime every week because he can't finish work until his route is done.

In reply to an earlier post on Nov 15, 2012 3:58:53 PM PST
I think there is a waiting list.

Posted on Nov 15, 2012 4:00:28 PM PST
this is the same Govt that wants to give us healthcare?

In reply to an earlier post on Nov 15, 2012 4:11:48 PM PST
Jawwaad says:
The Post Office would rather pay people $20 an hour to deliver junkmail and retail advertisements. Also, the Post Office isn't a government agency but I'm sure the government will bail them out so they can deliver more Pottery Barn catalogs

In reply to an earlier post on Nov 15, 2012 4:26:29 PM PST
Anthony says:
actually i've heard the main problem is their retirement plans.

In reply to an earlier post on Nov 15, 2012 5:07:33 PM PST
Last edited by the author on Nov 15, 2012 5:08:19 PM PST
Yeah their pensions are killing them supposedly, all their older workers retiring. That and because they HAVE to delivery almost everywhere, which drives up a lot of money. Supposedly the PO is so screwed that they can barely escape their plight even with making drastic cuts...scary...then we'll have to rely on UPS or FedEx...ugh..

In reply to an earlier post on Nov 15, 2012 5:15:43 PM PST
I.Flores says:
You're predictable.

In reply to an earlier post on Nov 15, 2012 5:17:24 PM PST
Bashing the USPS is predictable?

In reply to an earlier post on Nov 15, 2012 5:18:08 PM PST
I.Flores says:
No, comparing their losses to sony is.

In reply to an earlier post on Nov 15, 2012 5:19:43 PM PST
Last edited by the author on Nov 15, 2012 5:19:59 PM PST
I really don't compare many organization's losses to Sony's. Would you like me to start?

In reply to an earlier post on Nov 15, 2012 5:23:06 PM PST
I.Flores says:
>>Would you like me to start?<<

God, no.

Posted on Nov 15, 2012 5:23:08 PM PST
Soulshine says:
I think this might be the internet's fault.

Posted on Nov 15, 2012 6:02:06 PM PST
The post office isn't supported by tax dollars. Why do people %$!*# about it so much?

The sad thing is they are a company trying to take care of their workers but can't.

Posted on Nov 15, 2012 6:15:12 PM PST
after all the letters and packages i've sent?

Posted on Nov 15, 2012 6:50:51 PM PST
Not surprised. Their tracking is pathetic. I do all my shipping via UPS.

In reply to an earlier post on Nov 15, 2012 6:53:01 PM PST
Last edited by the author on Nov 15, 2012 6:53:33 PM PST
Not really.

"The Modern Postal Service: Agency or Business?
Until adoption of the Postal Reorganization Act of 1970, the U.S. Postal Service functioned as a regular, tax-supported, agency of the federal government.

According to the laws under which it now operates, the U.S. Postal Service is a semi-independent federal agency, mandated to be revenue-neutral. That is, it is supposed to break even, not make a profit."

http://usgovinfo.about.com/od/consumerawareness/a/uspsabout.htm

In reply to an earlier post on Nov 15, 2012 6:54:15 PM PST
I find the USPS to be fine with tracking and about 1/3rd the price of UPS. For that price I'll take iffy tracking.

Posted on Nov 15, 2012 7:55:15 PM PST
AndrewA says:
The Post Office isn't actually losing money. They got screwed by the Postal Accountability and Enhancement Act of 2006, signed by Bush. Here's the link to the article pointing out the real problem: http://www.nytimes.com/roomfordebate/2011/12/06/how-to-help-the-post-office/the-post-office-lower-costs-lower-quality

And here's the actual text from the law that screwed them:

`Sec. 8909a. Postal Service Retiree Health Benefit Fund

`(a) There is in the Treasury of the United States a Postal Service Retiree Health Benefits Fund which is administered by the Office of Personnel Management.

`(b) The Fund is available without fiscal year limitation for payments required under section 8906(g)(2)(A).

`(c) The Secretary of the Treasury shall immediately invest, in interest-bearing securities of the United States such currently available portions of the Fund as are not immediately required for payments from the Fund. Such investments shall be made in the same manner as investments for the Civil Service Retirement and Disability Fund under section 8348.

`(d)(1) Not later than June 30, 2007, and by June 30 of each succeeding year, the Office shall compute the net present value of the future payments required under section 8906(g)(2)(A) and attributable to the service of Postal Service employees during the most recently ended fiscal year.

`(2)(A) Not later than June 30, 2007, the Office shall compute, and by June 30 of each succeeding year, the Office shall recompute the difference between--

`(i) the net present value of the excess of future payments required under section 8906(g)(2)(A) for current and future United States Postal Service annuitants as of the end of the fiscal year ending on September 30 of that year; and

`(ii)(I) the value of the assets of the Postal Retiree Health Benefits Fund as of the end of the fiscal year ending on September 30 of that year; and

`(II) the net present value computed under paragraph (1).

`(B) Not later than June 30, 2017, the Office shall compute, and by June 30 of each succeeding year shall recompute, a schedule including a series of annual installments which provide for the liquidation of any liability or surplus by September 30, 2056, or within 15 years, whichever is later, of the net present value determined under subparagraph (A), including interest at the rate used in that computation.

`(3)(A) The United States Postal Service shall pay into such Fund--

`(i) $5,400,000,000, not later than September 30, 2007;

`(ii) $5,600,000,000, not later than September 30, 2008;

`(iii) $5,400,000,000, not later than September 30, 2009;

`(iv) $5,500,000,000, not later than September 30, 2010;

`(v) $5,500,000,000, not later than September 30, 2011;

`(vi) $5,600,000,000, not later than September 30, 2012;

`(vii) $5,600,000,000, not later than September 30, 2013;

`(viii) $5,700,000,000, not later than September 30, 2014;

`(ix) $5,700,000,000, not later than September 30, 2015; and

`(x) $5,800,000,000, not later than September 30, 2016.

In reply to an earlier post on Nov 15, 2012 7:56:31 PM PST
Of course you will, you are the seller in this scenario. You don't need good tracking. You can tell your customers it will take 4-7 days, and if it takes 7 days, you fullfilled your part of the bargain. However, the customer may very well care which of those days it will come, and the USPS does not say. They don't tell you when your package will arrive until after it arrives.

Let's say you are ordering some ammunition online. The post office says it may come anywhere from Monday to Thursday. You want to go home and pick up your ammunition as soon as possible, so that it doesn't get stolen or end up in the wrong hands. What do you do? Do you leave work and check every single day? With UPS, they will tell you in the morning if they are coming that day or not. USPS has no such system.

Or you are expecting a new video game and want to take that day off work. You can't do that if you don't know the exact day that the game will arrive.

Sometimes you don't care when something comes in, sometimes you care a lot. USPS being slow is one thing, USPS not being able to give you accurate tracking, it totally unacceptable in many situations. The best part about Amazon Prime is knowing the date something will come in. Sometimes, UPS runs early or runs late, but at least they usually notify you about that.

Posted on Nov 15, 2012 9:00:40 PM PST
Zak Iarih says:
Good, ups ftw

Posted on Nov 15, 2012 9:03:32 PM PST
My uncle recently retired from the post office. The benefits he gets are INSANE. It's no wonder they're broke.

In reply to an earlier post on Nov 15, 2012 9:07:16 PM PST
UPS does NOT always tell you when the package will arrive. The last package I received from them, I never even received a door hanger. USPS First Class works WONDERFULLY for video games though. I have never had an issue with that. If you go with the cheapest USPS rate, it'll get there slower, that's a given. Go with FC, and it'll generally make it across the country in maybe four days or so.
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This discussion

Discussion in:  Video Games forum
Participants:  20
Total posts:  37
Initial post:  Nov 15, 2012
Latest post:  Nov 16, 2012

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