Posts Tagged ‘postal monopoly’

Government Postal Union Cuts Convenience for Consumers


Friday January 6th, 2017   •   Posted by K. Lloyd Billingsley at 3:19pm PDT   •   1 Comment

Customers of Staples Inc. have been enjoying the conveniences of in-store postal services but as Bloomberg reports, that will soon come to an end. The cancellation is a “coup for the Postal Service’s largest union,” the American Postal Workers Union, which fought Staples’ merger with Office Depot and urged customers to boycott the company….
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USPS Springs Back with More Losses


Wednesday August 20th, 2014   •   Posted by K. Lloyd Billingsley at 9:31am PDT   •   1 Comment

In January, the United States Postal Service hiked the price of stamps and its package shipping increased, but as Reuters reports, “The U.S. Postal Service continued to bleed money during its second quarter.” From April to June, the USPS lost $2 billion, compared with $1.9 billion in the first quarter and $740 million in…
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USPS Stamps Itself a Loser


Wednesday October 16th, 2013   •   Posted by K. Lloyd Billingsley at 9:18am PDT   •   0 Comments

The United States Postal Service (USPS) lost nearly $16 billion last year, and attempts at reform have proved futile. USPS bosses, who continued to get raises during the recession, want to end Saturday delivery. Trouble is, Congress won’t let them do it, prohibiting a return to a five-day delivery schedule. The USPS expects to…
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Will Deadbeat USPS Take Saturday Off?


Tuesday February 19th, 2013   •   Posted by K. Lloyd Billingsley at 9:20am PDT   •   13 Comments

The hefty raises given to U.S. Postal Service bosses did not prevent losses of more than $15 billion last year. The postal bosses now want to reduce those massive losses by eliminating Saturday mail delivery, a congressional mandate dating from 1981. But since 2007 first-class mail volume has declined by 37 percent, giving way…
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Ed O’Keefe reports at the Washington Post that the U.S. government’s postal monopoly continues to hemorrhage red ink at an astounding rate as a result of huge and unsustainable, public-employee-union pension schemes: The U.S. Postal Service reported $2.2 billion in losses during its second quarter, continuing several quarters of historic losses amid declining mail…
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And Now a Bailout for the U.S. Postal Service?


Monday December 27th, 2010   •   Posted by David Theroux at 6:16pm PDT   •   0 Comments

Angela Greiling Keane reports in a recent article at Bloomberg Businessweek, “A Bailout for the U.S. Postal Service?”, that the U.S. Postal Service’s costs “will exceed revenue by $2.7 billion, even after borrowing $3 billion from the U.S. Treasury, the annual legal limit. Total debt, now $12 billion, by law can’t exceed $15 billion….
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