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8 billion in losses for one year, increased productivity, 75million man hours cut and still so inflated and inefficient in managing money. Bankrupt in one year without help. The same help we give airlines, banks, insurance companies, car manufacturers and small countries.
There has to be a bailout looming here. Yes a bailout. Why cant we be utilizing that fab technique of LAYOFFS?


story here.
 

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it looks like another shoe dropping. Whats next another natural disaster that cost FEMA and State Farm 20billion? A convergence of problems like this could bring such trouble that will roll downhill with speed. Its disappointing.
 

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This is the PERFECT example of how the private sector does a much better job than a government run anything! The postal service should close the doors and let companies like FED EX and UPS handle the mail. I guarantee you it would be more efficient and would cost consumers much less to mail a package as well. Perfect example right here.
 

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The article mentions that they are still considering dropping Saturday delivery.

They've been considering this for how many years now??

Consider this Postal Service..

Monday, Wednesday, and Friday delivery. Period.

Paycuts. Layoffs.

That's called 'making the hard, but necessary decisions'.. small businesses do it every day to survive.
 

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A company can make a profit or not...if its private or government run. Its really up to your politicians (Republicans and Democrats)...

Canada Post is a fine example of a well run government institution. Its made a profit 15 years in a row....AND its all a highly paid unionized workforce. All services are run by one company making it efficient...no duplication of services. This makes the service cheaper than the private companies like UPS and FedX. So much so that UPS took Canada Post to NAFTA court saying it couldn't compete....but they lost.

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Canada Post wins NAFTA challenge launched by UPS

ST. JOHN'S, Nfld.–Canada Post has defeated a NAFTA challenge from United Parcel Service of America Inc., that alleged the Crown corporation engaged in unfair competition, bringing an end to a seven year-old dispute between the two delivery companies.

UPS, the world's largest package delivery firm, launched a claim for $160 million (U.S.) against the Canadian government in April 2000 under the North American Free Trade Agreement.

UPS contended Canada Post has an unfair advantage because its services such as Express Post and Priority Courier draw on an infrastructure of sorting facilities, mailboxes and post offices that private firms must provide for themselves.

But Canada Post CEO Moya Greene told the company's annual meeting yesterday that the NAFTA tribunal hearing the challenge had dismissed it.

"So any thought that we were using the small little bit of the reserved market that we have in Canada to improperly subsidize our competitive businesses, that is now gone," Greene said. More...
 

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15 years of profit for a government run company....like I said...depends who is at the helm and if they want it to make money or not. I can imagine if all the major companies were government run like this the profits could replace all our taxes for other government programs...imagine no more income and sales tax.....but hey that's not allowed....someone out there deserves to make a profit on everyone else. lol

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http://www.canadapost.ca/cpo/mc/aboutus/corporate/annualreport.jsf

# Canada Post recorded its 15th consecutive year of profitability despite sustaining one of the most challenging years in its history.
# The profit was due to two factors: an unplanned, non-cash reduction in employee future benefits expense, and stringent cost cutting efforts across the Corporation.
# Volumes in the core Canada Post segment dropped by almost 8% in 2009, wiping out close to five years of growth.
# Volumes in our transaction mail business continue to decline: transaction mail volume per address declined for the fourth straight year, and the rate of decline also increased for the fourth straight year.
# Consolidated revenue from operations reached $7,312 million, a decrease of $421 million, or 5.1% from 2008.
 

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Email has been a big killer. Wouldn't suprise me if the "solution" is a federal tax (probably followed by a state tax) on all emails and texts... That's a cash cow just waiting to be milked by the government.
 

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Postal Unions?


E-Mail?


Inflation? (gas prices, benefit costs )


I don't know.
The cost of stamps is cheap in the US compared to Canada. You pay 44 cents domestically. In Canada we pay 57 cents. International letter in the US is 75 cents and up. In Canada its $1 to send mail to the US. $1.70 to everywhere else. No Saturday delivery in Canada (only Saturday delivery for the courier side of the biz).

A hike in US postage rates would help with the loss...does any price increase have to be run by congress or is it up to the director of USPS? FedX hiked their prices recently...
 

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8 billion in losses for one year, increased productivity, 75million man hours cut and still so inflated and inefficient in managing money. Bankrupt in one year without help. The same help we give airlines, banks, insurance companies, car manufacturers and small countries.
There has to be a bailout looming here. Yes a bailout. Why cant we be utilizing that fab technique of LAYOFFS?


story here.
"If it fits, it ships, for one low price." If they cannot run the business of delivering mail, then they need to be shut down and privatized. I am sick of the inefficiency, the waste, the ineptness, despite almost annual increases in postage. Get it right, or get out of the way.
 

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Christian
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Raise the price of sending junk-mail, cut Saturday delivery, let UPS, FED EX and DHL deliver domestic letters.

Make the post office compete just like all other companies.

They will either make the cuts to survive or go the way of the telegraph.
 

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"If it fits, it ships, for one low price." If they cannot run the business of delivering mail, then they need to be shut down and privatized. I am sick of the inefficiency, the waste, the ineptness, despite almost annual increases in postage. Get it right, or get out of the way.
They aren't raising prices fast enough to keep up with costs. Seems the Republicrats have been keeping prices low to keep people like you from complaining about the 'increasing rates'.

It costs you 44 cents to deliver a letter in the US via USPS........yet UPS charges $16.49 for the same letter. Is $16 to deliver a letter in the US a fair price? It is 'private market pricing' after all...
 

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Christian
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They aren't raising prices fast enough to keep up with costs. Seems the Republicrats have been keeping prices low to keep people like you from complaining about the 'increasing rates'.

It costs you 44 cents to deliver a letter in the US via USPS........yet UPS charges $16.49 for the same letter. Is $16 to deliver a letter in the US a fair price? It is 'private market pricing' after all...
thats the thing if UPS kaks we probably will not have to bail them out (I did say probably)

I say the USPS should get with the program or we should let them die.

Next subject, why are we hanging on to the penny?
 
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15 years of profit for a government run company....like I said...depends who is at the helm and if they want it to make money or not. I can imagine if all the major companies were government run like this the profits could replace all our taxes for other government programs...imagine no more income and sales tax.....but hey that's not allowed....someone out there deserves to make a profit on everyone else. lol

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http://www.canadapost.ca/cpo/mc/aboutus/corporate/annualreport.jsf

# Canada Post recorded its 15th consecutive year of profitability despite sustaining one of the most challenging years in its history.
# The profit was due to two factors: an unplanned, non-cash reduction in employee future benefits expense, and stringent cost cutting efforts across the Corporation.
# Volumes in the core Canada Post segment dropped by almost 8% in 2009, wiping out close to five years of growth.
# Volumes in our transaction mail business continue to decline: transaction mail volume per address declined for the fourth straight year, and the rate of decline also increased for the fourth straight year.
# Consolidated revenue from operations reached $7,312 million, a decrease of $421 million, or 5.1% from 2008.

That apparently worked well for Canada. Thats' good.

USA has two major stumbling blocks...

Our government couldn't manage a lemonade stand at a profit.

Our Constitution does not allow it. (Now, we need to convince our politicians of that fact)
 
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