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08-06-2008, 11:30 PM
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CD News Reporter
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Join Date: Jan 2007
11,520 posts, read 6,130,917 times
Reputation: 4476
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News, Post office posts $1 billion loss.
WASHINGTON—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.
Post office posts $1 billion loss - Boston.com |
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08-06-2008, 11:38 PM
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Junior Member
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Join Date: Aug 2008
Location: St. Louis, Missouri
7 posts, read 4,688 times
Reputation: 14
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It makes you wonder just what options exist for them USPS to cut costs. It would be a shame if we all had to start paying to get our mail.
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08-07-2008, 12:16 AM
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Senior Member
Status:
"Sniffing my merkins!"
(set 7 days ago)
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Join Date: Sep 2007
Location: Rhode Island (aaiighgugh!)
670 posts, read 362,559 times
Reputation: 183
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Let me guess, their stock went up 25% on the news. Keep this big "world upside down" party goin' I guess, sure wonder where it's all gonna lead....
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08-07-2008, 01:23 AM
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Senior Member
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Join Date: Feb 2007
2,887 posts, read 1,375,758 times
Reputation: 1080
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Quote:
Originally Posted by POhdNcrzy
Let me guess, their stock went up 25% on the news. Keep this big "world upside down" party goin' I guess, sure wonder where it's all gonna lead....
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I think they are talking about USPS, not UPS. The USPS is a government agency not a public company. From what I thought the USPS always ran deficits and just had the government subsidize them.
The only thing I see from this is them raising rates. |
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08-07-2008, 01:58 AM
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Senior Member
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Join Date: Dec 2007
761 posts, read 380,329 times
Reputation: 168
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About 20 years ago, the USPS was one of the few self-sufficient postal systems in the world.
But, they fixed it.
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08-07-2008, 05:37 AM
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Having All The Fun I Can Stand
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Join Date: Mar 2008
Location: Rhode Island
873 posts, read 418,939 times
Reputation: 812
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Quote:
Originally Posted by bnmyself
It would be a shame if we all had to start paying to get our mail.
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We do already pay to get our mail! It's called P-O-S-T-A-G-E!  |
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08-07-2008, 06:48 AM
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Senior Member
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Join Date: Jan 2008
827 posts, read 404,856 times
Reputation: 316
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There has been talk for years about no mail delivery on Saturday.
I think that is where they start first in cutting costs.
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08-07-2008, 10:27 AM
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Senior Member
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Join Date: Oct 2007
2,255 posts, read 1,316,575 times
Reputation: 901
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Quote:
Originally Posted by Nor'Eastah
We do already pay to get our mail! It's called P-O-S-T-A-G-E! |
We pay to send mail. It doesn't cost you anything to receive it.
There was a time that you had to pay the post office to pick up your mail or to get it from the mailman, but that ended a long time ago. |
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08-07-2008, 10:27 AM
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Not a member
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Join Date: Jan 2007
Location: Stanwood, Washington
660 posts, read 79,483 times
Reputation: 172
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Ready for the 50 cent stamp?
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08-07-2008, 10:28 AM
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Senior Member
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Join Date: Oct 2007
2,255 posts, read 1,316,575 times
Reputation: 901
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If they want to make money they need to start charging more for junk mail delivery. No more bulk mail rates - everything goes at the First Class rate.
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