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Postal operating losses widen in digital era

Mason City post office

Face the Facts USA –

FACT: The United States Postal Service operates the world’s largest civilian vehicle fleet: 213,881 vehicles were driven 4 million miles per day in 2011 to deliver 554 million pieces of mail. But mail volume and revenue have been in decline since 2006 and the USPS, which gets no government subsidies, was on track to lose $14.1 billion in fiscal 2012. The postal service had 546,000 employees in 2011, the same staffing level it reported in 1983, and operated nearly 32,000 retail offices. At 45 cents, a first-class postage stamp remains a bargain compared to some other countries; in Denmark, equivalent postage costs $1.46.

Watch the video:

httpv://youtu.be/0ZCWAzzM-Ws

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Face the Facts USA delivers provocative facts about big issues to help Americans debunk myths, hold better conversations, get involved, and make choices as smarter citizens. For more information, visit facethefactsusa.org.

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U.S. Postal employees have had a huge retirement package over the years that has driven the system dry! They retire after just 30 years of employment and have full benefits. How the Hell can any company sustain that? Look at the auto industry – they were so out of control with lifetime benefits to retirees that it drove them to financial ruin ( except Ford) A lot of goernment employes retire and then go off and get another job after retirement – all the while collecting huge benefits from the taxpayer. Government jobs need an overhauling “BIG TIME OVERHAUL” !

With the communicaton advances over the years the postal system has not made any changes to their programs/benefits for employees & retirees.

Just raise the postage prices and all will be well – said no one ever ! They get no sympathy from me 🙁

@ Taxpayer-excellent comments. I couldn’t agree more with your statements. The problem is these people keep voting for the hand that feeds them and are so shortsighted they can’t see what is happening.

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