The U.S. Postal Service fared better this financial quarter than it did last year, but the Postmaster General says Congress has been slow to remove a weight around the agency’s neck.
USPS increased its “controllable” income in the second quarter to $576 million, compared to $313 million last year. These figures account for operational costs like workers’ compensation and benefits.
However, Postmaster General Megan Brennan said that progress shouldn’t “mask the fundamental financial challenges” that the Postal Service faces.
Factoring in the USPS’ obligation to pre-fund health benefits for future postal retirees, however, the agency actually registered a $2 billion net loss this quarter. Combined with the Postal Regulatory Commission’s reduction of postal rates on April 10, Brennan said the agency can’t go on like this without major postal reform from Congress.
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7 comments:
Let the private sector handle it.
OR MAYBE GET THE POSTAL CARRIERS TO LEAVE THERE CELL PHONES HOME SO THEY CAN FOCUS ON DELIVERING THE MAIL VS TALKING ON THE PHONE THEN TRIPPING ON THE CURB AND BEING OFF ON WORKMANS COMP.
USPS is like Kinney shoes....15,000 pair of loafers.
Amen to that, I don't think there's one in town not walking, the lady on rt.13 driving cell phone glued to their ear. The postal service has been getting these bailouts for 30 plus years. They are the most mismanaged outfit the employees could give a SH•• The only business they have any more are the parcels that their competitors knowingly can't do for profit
Get rid of the lazy workers. Just like phladelphia did at its 30th street Post office. You would wait 15 min at any window while that sat back and ignored you. Then they closed the place before Obama could save them.
They must be joking, right? It sure gave me a chuckle. When was the last time congress fixed anything? You know the old saying-government will fix it until it is broke (no pun intended).
A 25% salary reduction with retirement benefits remaining the same should do it.
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