![]() ![]() Verizon class action lawsuit: How to know if you qualify for $100 million. Jean Carroll suggests Trump misrepresented need to adjourn trialīiden says US does not support Taiwan’s independence following election ![]() Supreme Court won’t review school transgender bathroom policies Haley says she will only join debates with Trump or Biden moving forward Trump, DeSantis, Haley all leading Biden in new poll Jean Carroll seeks $10M in defamation case īiden’s approval rating drops to new low: Poll Supreme Court set for pivotal cases that could claw back federal administrative. Trump lawyer Joe Tacopina withdraws from ex-president’s cases Virginia county finds 4,000 misreported 2020 votes, shorting Bidenįani Willis breaks silence on misconduct accusationsĥ numbers that explain the Iowa caucus resultsĬongress races to avert shutdown amid conservative anger House, Senate tax chiefs announce deal on business deductions, low-income. It was an unworkable demand that would have made the venture unprofitable and left a customer visiting one counter to make photocopies, paying for them and then having to schlep to a separate USPS counter and engage in a separate transaction. The idea was to provide print-and-ship outlets just like the ones established by the FedEx-Kinkos merger. The effort was croaked because a postal union insisted postal counters be operated by unionized postal employees. For example, the USPS tried to open postal counters in Staples stores in 2013. This is to say nothing of the union issues that would come with side businesses. Why? Because the USPS lacks the infrastructure and internal banking expertise. Indeed, when the USPS’s inspector general examined the prospects for having the agency sell banking services it suggested that the Post Office outsource some of the work to a private corporation. This is why the agency is struggling and spending billions to shift operations to the adjacent business of package delivery. Its entire infrastructure, from the letter carrier’s bag to blue mail collection boxes to its delivery vehicles to its sorting machines, was designed for letters, catalogs and the like. The USPS was built over many decades to deliver paper. Postal Service, Democracy, and the Corporate Threat.” He would have the Post Office offer various internet services and operate an eBay-type platform, among other businesses. Perhaps the most ambitious proponent is Christopher Shaw, author of the book, “First Class: The U.S. Some foreign posts sell banking and other services. I have written about the USPS’s revenue problem for many years, and frequently the first response I hear from readers and elected officials is, “We can save the Post Office by letting it get into profitable side businesses. The USPS was built to deliver paper and the demand for that service has plunged 45 percent since 2008, from 213.1 billion pieces to 116.1 billion. Adjusted for inflation, last year’s $78.2 billion is equivalent to $54.1 billion in 2008 dollars. That sounds like an increase, but it is not. The USPS’s revenues were $78.2 billion in 2023 and $74.9 billion in 2008, 15 years ago. ![]() There is no mystery as to the causes of the agency’s fiscal distress: flagging revenues. Presently, the agency self-funds its operations through the sale of postage. Postmaster DeJoy has warned the agency could run out of cash in 5 years, at which point it would either cease operations or require a massive taxpayer bailout. More distressing is the agency has $135 billion in unfunded employee health care and pension benefits and is warning it could lose another $70 billion by 2030. ![]() Unfortunately, all those dollars will not change the fact that the USPS is going broke.Ī few months ago, the agency reported it had lost $6.5 billion over the past year. It ramped up its capacity by hiring thousands of seasonal employees and expanding its capacity to sort packages and shunt them to their destinations.įor sure, the Post Office will benefit from postage on those billions of letters and parcels. Postmaster General Louis DeJoy had the agency preparing way in advance. The Post Office’s success this year was no accident. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |