Posts Tagged ‘postal unions’


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Will Deadbeat USPS Take Saturday Off?


Tuesday February 19th, 2013   •   Posted by K. Lloyd Billingsley at 9:20am PST   •   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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And Now a Bailout for the U.S. Postal Service?


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