UPS "Mail Innovations" ????????

Originally Posted By: tripod3Originally Posted By: GCOriginally Posted By: CatfishSlayerOriginally Posted By: tripod3I was also very surprised when Amazon struck a deal with USPS to deliver packages 7 days a week. Can only imagine how much extra taxpayers got billed for that.


Taxpayers don't pay for any USPS operating expenses, this has been the case since the late '70's.

Where does USPS get their operating expenses from?

Well I dont know that the dust has settled on USPS funding yet as it continues to lose billions. I believe it has recently borrowed about 15 billion and talk of a bailout has lingered heavily for the last couple years

They haven't had any taxpayer help since 1970 Postal Reorganization Act, the losses are partially paper losses. They are having to pay future pension costs for people that won't even retire for another 20, 30 0r 40 more years into the FERS system.
 
Quote:

They haven't had any taxpayer help since 1970 Postal Reorganization Act, the losses are partially paper losses. They are having to pay future pension costs for people that won't even retire for another 20, 30 0r 40 more years into the FERS system.

Borrowing 15 billion is hardly no help.
 
Originally Posted By: tripod3Quote:

They haven't had any taxpayer help since 1970 Postal Reorganization Act, the losses are partially paper losses. They are having to pay future pension costs for people that won't even retire for another 20, 30 0r 40 more years into the FERS system.

Borrowing 15 billion is hardly no help.



They have managed to borrow and pay back these loans with interest since 1970. With about 177 billion pieces of mail annually, a 3 cent postage increase would pay back the loan and get them even. By law they cannot make money nor can they lose money, but Congress controls the board that approves the rate increases. If Congress would get out of the postal business and let them run it as a business, these loans wouldn't be an issue. If they needed income increase they could do it like FedEx or UPS raises their rate.
 
Quote:They have managed to borrow and pay back these loans with interest since 1970. With about 177 billion pieces of mail annually, a 3 cent postage increase would pay back the loan and get them even. By law they cannot make money nor can they lose money, but Congress controls the board that approves the rate increases. If Congress would get out of the postal business and let them run it as a business, these loans wouldn't be an issue. If they needed income increase they could do it like FedEx or UPS raises their rate.

I could have a field day with this, but how boring. USPS has hit its borrowing limit from taxpayers for the first time a couple years back and has been losing billions per quarter.
The USPS has been a poster child for inefficiency and poor management. I firmly believe that if USPS were a private business it would be in bankruptcy.
There has been strong concern about a bailout by taxpayers and its not over.
Sounds like in this case it might be a good thing that Congress and taxpayers are bankrolling for USPS.
Well enough time wasted here.

http://www.qg.com/blog/postal-solutions/...-postal-service
 
UPS/FED EX & other shipping companies have a deal with the USPS to deliver just about all their smaller packages after they are picked up by the starting shipper. Been this way for 10 years or so.
 
Originally Posted By: 5spdUPS/FED EX & other shipping companies have a deal with the USPS to deliver just about all their smaller packages after they are picked up by the starting shipper. Been this way for 10 years or so.


Not at my house. I just got a delivery from FedEx today that was a box measuring 5" square. And the vast majority of Midway shipments are either USPS or UPS from start to finish. Same with Amazon.

Guess it depends on who ships them out.
 
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