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[Texas Fat Boy]

The Post Office in the USA lost $5.1 billion last year,
making it the most successful government organization in history.

[grayghost731]

  that is SAD

[Twolanerider]

that is SAD

Worse than that.  The $5.4B was 2010.  First nine months of FY 2011 was already $5.7B.  That's what you get when the US Congress legislates your business plan, a separate third party dictates your pricing and USPS has little real say in any of it.

[moscooter]

 
Are ya questioning the requirement that the Postal Service be required to (up-front) fund the pension fund for subsequent retirees............

If State and/or local governments had been required to do the same,  Many states that are now into BILLIONS..............WITH A "B"........in (unfunded liabilities)..........aka California,  Illinois,  Wisconsin,  Ohio..................etc.  etc.

[Twolanerider]

Are ya questioning the requirement that the Postal Service be required to (up-front) fund the pension fund for subsequent retirees............

If State and/or local governments had been required to do the same,  Many states that are now into BILLIONS..............WITH A "B"........in (unfunded liabilities)..........aka California,  Illinois,  Wisconsin,  Ohio..................etc.  etc.

All "requirements" they don't get to choose for themselves based on their own revenue have to be a question.  USPS is stuck between a rock and a hard place.

Congressional/statutory requirements for types of service, days of service, number of service locations, where services have to be delivered, etc ad nauseum.  Requirements that, given revenue and requirements of their current customer base USPS wouldn't always choose for itself.  But USPS doesn't get to choose what it does.  Nor are rates for those services entirely of its own selection.  It's easy to make fun of the post office.  But those boys and girls get the shaft (of Congressional kowtowing to consituency) and then have to smile while they get it.

[moscooter]

 
" Congressional kowtowing to consituency".........I absolutely agree with that comment and indeed they do get a lot of pressure from a variety of sources.  But one of those sources is their "union".  They create (internal) pressure NOT to close on Saturdays and NOT to lay off workers and NOT to close down POs in small communities, etc.

My brother in law just retired from being a postman,  so I've heard about a lot of the problems from him.