The net loss after the end of the previous years has almost increased exponentially. Last year the US Postal Service suffered a $3.8 billion net loss, last month it was up to $8.5 billion at the end of their fiscal year in September.
The Postal Service puts the blame on the bad economy and the continuing growth of email.
Chief Financial Officer Joe Corbett said the losses were worsening despite cuts that generated cost savings of $9 billion over the past two years. Those savings came primarily from the elimination of 105,000 full-time positions -- "more than any other organization, anywhere," Corbett said.
The volume of mail each person receives continues to drop as more communications go electronic. The Postal Service delivered 170.6 billion pieces in its 2010 fiscal year, compared to 176.7 billion pieces the prior year.
"We will continue our relentless efforts to innovate and improve efficiency," Corbett said. "However, the need for changes to legislation, regulations and labor contracts has never been more obvious."
I believe they need to downsize this agency, along with many other government agencies. The US Postal Service is designed for a good-sized amount of people dependent on physical mail, but nowadays it's quite the opposite, even my old grandfather uses e-mail and billpay, and hardly has to send a letter except for holidays, where I too still send holiday cards.
As far as everything else goes, they need to downsize, cut workers, cut delivery days, cut worker benefits...etc.
Yeah I agree, there's definitely a lot more reliance on electronic communication. I'm surprised they didn't anticipate it better
ReplyDeleteAll I get through my letterbox is paper spam - Macy's coupons and similar crud. Not sure what we'd do with about a million retarded, psychotic, ex postal workers though. Maybe invade somewhere?
ReplyDeleteAgree, postal service only good for sending physical objects now.
ReplyDeleteI still think they are needed. Yea its a waste of money but there are millions still using mail. Hell i still use it for some things.
ReplyDeleteawesome stuff
ReplyDeletehow does a postal service lose money? too many imports? wat?
ReplyDeleteeverything made by the government sucks... thought we found that out decades ago.
ReplyDeleteinteresting video
ReplyDeleteI think that eventually the Postal Service will go the way of the dinosaur.
ReplyDeleteIndeed it does, and it is. :)
Obviously there will always be a need for some form of postal service, but you would think they would have planned for this kind of situation and would have used the internet to benefit them
ReplyDeleteIt's better for the environment if they relied more on technology!
ReplyDeleteYou figure e-companies would work with 'em on some level.
ReplyDeleteAH thats a shame to hear that :(
ReplyDeletecool post mate
ReplyDeleteI like getting coupons in the mail >_>
ReplyDeleteThey could easily remove some of the credit card offers and cable sign up letters though. Nigga if I wanted that shit I would have come TO YOU.
I know that this is shocking to tech writers, but not everyone has a computer and an internet connection.
ReplyDeletePersonally, I've found the post office to be far more reliable than the likes of UPS or other delivery services, and I continue to use them for packages as well as paying certain bills. Some I do online, but my student loan payments for instance, I pay with checks.
ReplyDeleteBut I still need them to bring me my lego magazine!!!!
ReplyDeleteI used to think being a postal worker was one of the more "solid" jobs during the recession.
ReplyDeleteGuess I was wrong.
The end to the USPS is inevitable. With technology, we almost never send letters any more and unless they can somehow beat out companies like FedEx and UPS that are reliable for large packages, they have no recovery in sight.
ReplyDeletei approve!
ReplyDelete*starts slow clap....*
ReplyDeleteI still love th e-mails that are going around saying th eUSPS is going to start charging per e-mail....I mean come on seriously? People actually believe that.
ReplyDeleteThe step they need to make? Reduce the days in which they operate...Say, the post office is open six days a week, but they only drive out and make deliveries say...three days a week.
ReplyDeleteI hope they don't cut delivery days :( I still mail things often (Not letters, but packages)
ReplyDeleteYeah its sad that nowadays less people are going postal.
ReplyDeleteunbelievable post
ReplyDeletei agree, i hardly check my mailbox.. and when there's actually a letter in there, i'm like "what the fuck? why didn't they just email me?" haha
ReplyDeletewhoa, incredible
ReplyDeletethey should start saving by not printing phonebooks!
ReplyDeleteWow thats insane.
ReplyDeleteThis site is now diamonds.
ReplyDeleteSeen this coming.
ReplyDeletenice post you got there.
ReplyDeletecut it all!! make ppl have to hand deliver letters like the old days. or leave it up to small buisness! could be opportunity.
ReplyDeletedownsizing is always a hard choice but might be an option in this case
ReplyDeleteUSPS has been hurting for quite a long time now.
ReplyDeleteWhat would I do with all these stamps?
ReplyDeleteMy postman (woman) is a friggin' idiot.
thats why we need to vote Sanchez look hes got major plans.... anyways about the post ye , i mean we got e-mail and cell phones O.o; and ups and w/e the other one is >_>; oh right fedex...i had to think white and orange to remember it...so ya they need to stop losing money lolololol
ReplyDeleteDamn postal service!
ReplyDeleteKevin Costner would be disappoint
ReplyDeleteDownsize downsize downsize!
ReplyDeleteReally, the majority of the deliveries the USPS does are spam mail, checks, and packages (Including things like Netflix).
ReplyDeleteThere really isn't much actual mail correspondence anymore.
Wow this is nutters, I had no idea the USPS was losing so badly.
ReplyDeleteThere are still uses for mail especially on larger objects. That said, the loss of business to email is bound to happen as technology advances. The loss to economic climate is, however, unfortunate.
ReplyDelete