Someone manufactures paper, delivers it in a truck burning fossil fuels and adding congestion to the roads. I know of a number of towns/cities in Washington state where I live that are slowly bleeding population, because the industries that sustained them have dried up, often times because of government regulation. Fuck you’re an idiot. I know where I want my money. This week the Postal Service reported a net loss of $586 million for the third quarter of fiscal 2015. Amazon was the USPS' "largest customer" in fiscal 2019, generating about $3.9 billion in revenue and $1.6 billion in profit, the documents show. Postal Service ® money orders are affordable, widely accepted, and never expire. The last few years I’ve literally been getting multiple people in the same week a lot of the time. If the P.O. […]. The Trump administration included the Post Office in a 2017 report highlighting services that could be privatized, but that survey seems to be mostly gathering dust right now. 1.6.2021 4:00 AM, Scott Shackford Yeah I’ve seen those trucks hauling ass in the backest of the back roads and I was surprised. The Postal Service has been losing money for years, but the need for mail-in ballots during the election has sharpened the focus on the carrier. It is the only entity that can put something into a mailbox or through a mail slot. However, the Postal Service’s costs are not similarly constrained. Why? Why the hell don’t you have a mailbox??? Postal Service in … He never looked at the address of the mail he was delivering even once? Eric Boehm I take it and put it into recycling bin for another truck to take it away. The Postal Service reported a loss of $2.7 billion for the fiscal year that ended Sept. 30. Just like public schools, the source of funding and the source of the employees are distinct. The politicians wanted to privatize the post office so large campaign contributors like Fed Ex and UPS could pick off the most lucrative business. Bottom line it for me. Lawmakers on Saturday are expected to vote on a bailout for the US Postal Service, which, on paper, has been posting huge losses for years. “Plus my grandfather’s best friend was a post master. When There Wasn't Enough Hand Sanitizer, Distilleries Stepped Up. It has been MIA since 12/07/20. From the 10-Q: Market-Dominant services, which accounted for approximately 67% of the Postal Service’s annual operating revenue in 2018, are currently subject to a price cap as measured by the Consumer Price Index for All Urban Consumers (“CPI-U”). The USPS is not losing money.” Your article is much more similar to https://www.mcmbackpackonsale.com/mcm-claus-reversible-belt-in-black.html word unscramble tool because it also provides a lot of knowledge of vocabulary new words with its meanings. Postal Service (USPS) recently closed its books for the 2019 fiscal year, and things aren’t looking so good as it heads into 2020. “We will continue to prioritize the maintenance of adequate liquidity to ensure the Postal Service is able to perform our primary mission of providing universal service to all Americans.”. The reason? Unfortunately, the bulk mailers have more pull with Congress than the Post Office does. And without that revenue, the Postal Service would lose a lot more money than it is already losing. It's not exactly news that personnel costs are driving the Postal Service's financial problems. In its second financial report of fiscal year (FY) 2020, the USPS posted a net loss of $4.5 billion, a 114.3 percent increase compared to the $2.1 billion loss in the second quarter of FY 2019. Privacy Policy | This reduction allows the Postal Service to continue to reduce interest costs. I vaguely remember it being talked about during the Clinton Presidency. That’s what the militia clauses are all about. E-commerce packages account for most of the USPS Parcel Select business, which brought in revenue of $6.8 billion on the delivery of 2.9 billion packages during the fiscal year ended Sept. 30, 2019. The U.S. Because they have the lowest prices, and usually faster service than UPS/FedEx at the price point. The problem is not that the postal service is not private, it is the long term meddling by legislators affecting operations rather than just providing oversight. The Congress shall have Power To […] To borrow Money on the credit of the United States; […] To establish Post Offices and post Roads; […] To declare War […]. For the fiscal year that ended on September 30, 2018, the Postal Service recorded a then-record loss of $3.9 billion. And they’re self-sufficient at doing it. […] USPS is “on track to finish the current year more than $7 billion in the red,” Reason reported. Oh, and did you know that there are areas the USPS won’t deliver to (but FedEx/UPS will do so just fine)? You will take the service we force upon you and pay the price we charge you. Hey, who wouldn’t want to deposit all their money […]. Please make the necessary reforms, no more subsidies. I was told this kind of stuff is essentially cost cutting measures of using non full time people or whatever to skate on some of the benefits. There is no duty for Congress to borrow money (why would they if revenues always met or exceeded outlays? Postal Service is the core of the $1.4 trillion mailing industry that employs more than 7.5 million people. "It’s losing money because in 2006, the Republican-led Congress passed a law … Oh and fix the potholes and traffic on route 39. How many stamps does the average voter use in a year anyway? Due to the fact that people form attachments to places, AND retired people have money coming in from outside the local area, the shrinking doesn’t always happen immediately when an industry dies… But it does happen over time. No investor in his right mind will agree to take over the USPS unless: (a) he could immediately terminate those union contracts, and (b) the Federal Government fully funds ERISA-compliant trust funds to pay all accrued pension and employee retirement benefits (about a $100 Billion hit, since the Federal Government has never complied with ERISA’s funding requirements for any of its retiree obligations). EscherEnigma May.10.2019 at 6:09 pm “Both of which often use USPS for the last mile.”, And when they do my packages are often delivered to the wrong address. The U.S. Will the privatized service drop off and pick up mail at a box in front of my house 6 days a week and hold my items in their office free of charge for a month while I’m on vacation? PBS — where thousands work so dozens can watch. But in reality, the agency is generating billions in cash. Those in remote areas can hitch horse to wagon and travel to town to pick up their mail, like the good old days. Ask yourself, ‘what would Amazon do?’. Postal management suggested the spike in its losses over fiscal 2018 was not as dramatic as it appears at first glance. Now would be a good time to privatize the USPS. USPS handles millions of mail pieces on a daily basis so it would make sense for a letter or package to get lost. Still, the agency’s losses on the parts of its business that management can control also spiked to $3.4 billion, a 70% increase from fiscal 2018. How do you think goods get across the country? The USPS loses money, but cash flow has been more stable. Whether it’s farm subsidies, USDA buildings, game wardens, parks, prisons, roads and bridges that aren’t justified and paid for by the local tax base, federal jobs.”. The Postal Service ended fiscal 2018 with a net loss of $3.9 billion. After losing $1.5 billion in the first quarter of the current fiscal year, the Post Office has now lost $3.6 billion in just six months. Charles Oliver ... here are the key figures for 2019: because it’s essentially a copy of a truck sold widely for commercial shipping with some minor modifications, while the M939s are not. The post office is obsolete. “The USPS is not in debt. Whether you are sending it or receiving it, your mail is important to you and the U.S. They’re like $20 bucks at Home Depot, just buy one. That is because as mentioned above, the USPS has some unusual expenses, imposed by Congress, that artificially depress earnings. Unfortunately, some members of Congress seem more interested in having the Postal Service expand its losing business into new areas. Postal Service lost money in six out of the 10 years from 2001 through 2010, according to its financial reports. Billy Binion Well, at least the FedEx and UPS tracking apps can track packages through the USPS system. Even if that’s a valid point, I’m sure the USPS could reduce their operating expenses – although $7 billion is a big gap to fill. USPS officials and industry insiders say sorters ... or 125 machines. And this isn’t an isolated incident, its a pattern of poor service that goes back years on my route. Interesting 1968 article. Postal Service Reports First Quarter Fiscal 2019 Results Revenue of $19.7 billion, up 2.9 percent over the same quarter last year Net loss of $1.5 billion Return to financial stability requires legislative and regulatory changes, along with aggressive management actions Yeah, but just wait til they start making low interest unsecured loans to people without bank accounts, as Crazy Bernie and idea factory AOC demand. Accessibility | Actually it wasn’t. The Postal Service announced a net loss of $2.1 billion in the second quarter of fiscal year 2019, an increase of $747 million over the same quarter last year ($1.3 billion in Q2 2018). It wasn’t. It doesn’t say it has to erect post offices. Before I moved, I lived in a part of town the USPS wouldn’t deliver to. Would they have to get rid of those trucks that are made by a canoe company? Odd how much time and effort libertarians spend yapping about ‘savings’ by eliminating the post office when we could eliminate 150 times more by eliminating defense. libertarians are also in favor of privatizing defense. The best they can legally do is break even. The U.S. I say get rid of such laws, open them up to competition, allow them free reign in pricing their products and in hiring practices… And if they can still compete and stay break even or profitable, so be it. The results marked the 13th consecutive year the mailing agency lost money, although USPS did post a slight uptick in revenue to $71.3 billion. The Post Office has lost $69 billion since 2007, and it probably would have gone bankrupt long ago if it were a private entity—FedEx and UPS certainly wouldn't exist today if they were posting annual losses of $4 billion. Once the junk mail goes away, the payroll, and hence future pensions, can be dramatically reduced. In addition to the EPA’s recent bungles, the U.S. Money order loss or theft may take up to 30 days to confirm. Across the street (which was outside of the town – in the county) they would. Postal Service this week continued its long tradition of hemorrhaging money. Look what happened ‘just a day after Bernie Sanders and AOC proposed turning the Post Office into a bank’, Bernie And AOC Talk of Turning Post Office Into A Bank, But They Just LOST $2 Billion In Three Months – Usa News-24, Bernie And AOC Talk of Turning Post Office Into A Bank, But They Just LOST $2 Billion In Three Months – News On-24, Bernie And AOC Talk of Turning Post Office Into A Bank, But They Just LOST $2 Billion In Three Months, After AOC & Bernie Talk of Turning Post Office Into A Bank, They Announce $2 Billion In Losses | News Thud, A Day After Sanders And Ocasio-Cortez Suggest U.S. Your money order receipt will help you track your payment and show proof of value in case the money order gets lost, stolen, or damaged. Guarantee FedEx and UPS would be in the same hole if they had to service every single place in the US every day too. U.S. As planned, the Postal Service reduced its debt level during 2019 by $2.2 billion, finishing the year with $11.0 billion in debt outstanding. USPS lost package phone number is 1-800-ASK-USPS (1-800-275-8777). The USPS, the US Postal Service, is not subsidized by taxpayers. I have a first class package which was shipped on 12/03/20. Update, Sept. 19: Internal USPS documents obtained by The Washington Post found that Amazon generated $3.9 billion in revenue for the agency in … […] Looks like Ms. Brennan was right.Click here for the article. | I don’t have a mailbox so the USPS can’t find the house, swear to g*d that’s what the USPS told me…. Only morons like this writer would think privatizing would solve it all- they simply have to cover more ground for NO MORE MONEY as their budget is continually cut. Spending on salaries and benefits still increased by $1 billion, or 2%, and overall expenses jumped by $1.9 billion. The premise was that if you get an email you want you are likely to respond, so the cost washes out. The Postal Service's finances have been a problem for many years. The USPS reported losses for fiscal year 2019 totaled $8.8 billion on November 14. USPS revenues increased by $514 million compared to fiscal year 2018. USPS cut 4.3 million work hours in the last three quarters of fiscal 2019 through attrition and a reduction in overtime. 1) DONT use the carrier pickup with USPS, things get delayed and lost. I’m not opposed morally to fee for service government operations, as it is willing buyer willing seller, and I DO think at least in theory sometimes the government can fill needs in a decent way when private business might not care as much. 1.4.2021 7:56 PM. It is kind of funny/sad have basically everything ACTUALLY required for life is produced in rural areas… But the value of those goods/services have somehow become super devalued, and nearly useless and superfluous things done in the big city now pay better money than the stuff we actually need. Quit carrying commercial mail at unprofitable rates. I drive through small towns all the time and can’t help but notice all the post offices. Well, I have lived in small towns for most of my life. It delivers more in sixteen days than UPS and FedEx, combined, ship in a year. Not sure rural America would appreciate you closing down the damn near only biz operating in their towns. USPS has increasingly relied on growth to its shipping and package revenue—which now accounts for one-third of its business—to make up for losses from regular mail, but volumes from even that sector are no longer accelerating at the same rate. are post office employees even allowed to use email? Distilleries just learned that to cap off a brutal year, the FDA is charging them a fee normally reserved for drug manufacturing facilities. Well, the economy is doing well in ways that were considered impossible under Obama…so, yeah, you got a point. Fact Check: Is The Post Office Losing Money By Delivering Packages For Amazon? So they just don’t know the route and are n00bs in general. When sending money by mail, use money orders as a safe alternative to cash and personal checks. But the Postal Service is losing $10 billion a year and needs to find ways to cut costs. After controlling for an adjustment to interest rates paid for workers’ compensation, losses this past fiscal year were $6.7 billion compared to $5.3 billion the previous year. Why? Postal Service has been losing money for more than a decade. Call USPS in the case of missing mail, lost mail, and delayed package. Things work themselves out. Claim: The United States Postal Service (USPS) is losing money due to a 2006 law mandating it fund its pensions 75 years in advance. and Rep. Alexandria Ocasio-Cortez (D–N.Y.) So I have some personal experience. The Larry Doby Post Office is located at 194 Ward Street in Paterson, New Jersey, across the street from my congressional office. And the Postal Workers Union and its paid-for Democratic politicians will never let that happen. It’s not the USPS is making the payments they are required to make under that law anyway? Travelling on roads through rural America. When mail is lost or delayed, we want to find it. AOC may have been right about something- Republicans want to take the battery out of the car, pretend it doesn’t work, then sell it off for parts. One problem with trying to privatize the USPS is the legacy labor contracts, which guarantee that postal workers will be vastly overpaid, get very generous retirement benefits, and can never be fired for even the most egregious incompetence. Is this the same Post Office that Elizabeth Warren wants to turn into a government owned bank? The cost of a stamp will jump by 5 percent in 2019, the USPS announced Wednesday. For Fiscal Year 2019, the […] Thanks admin for giving such valuable information through your article . President Trump has repeatedly attacked Amazon and the U.S. Of course, they can turn a profit with the simple change of charging everyone the same amount to deliver a piece of mail. Then the cash will roll in. It’s really ironic the way politics works out some times. Requesting a Refund Why not simply text entry, text display? ), have some war declared somewhere at all times, or create post offices or post roads. Help us tailor content specifically for you: Agencies Have Distributed 200K Vaccine Doses, Guidance on Carrying Over More Annual Leave, Agencies Generally Complying With Trump Diversity Training Changes, Podcast: Native Communities, the Federal Government and the Pandemic, Postal Service Doubles Annual Losses to $8.8 Billion, Help Us Find the Government’s Boldest Innovators, Route Fifty eBook: IT Priorities for State Governments. no fords at the chevy plant. Why do we need PBS? Overall the USPS isn’t TOO bad, but almost every problem I have is the incompetence of the actual post man, which didn’t used to be an issue. The customer service representative will record your concern. The U.S. It has lost $65.1 billion since 2007. Its big losses are driven by a sharp increase in expenses, primarily workers' compensation costs, pension liabilities, and payments for retirees' health benefits. It reported a net loss of $8.8 billion in 2019, $4.9 billion more than the previous year. By that interpretation, the feds aren’t required to do defense either. Who cares about a frigging tracking app? | Its been a bit of an urban myth pretty much since email became a thing. I agree to the use of my personal data by Government Executive Media Group and its partners to serve me targeted ads. I blame poor management and generous benefits and questionable hiring practices. I’d just as soon keep it, since I’m still going to be stuck paying for the agencies that are not only useless to me but actually hostile. As with most big cities (Detroit, other midwest cities, etc) that have lost their economic purpose for existing, small towns that aren’t producing something useful economically are shrinking/right sizing themselves. Investigating a money order's lost or stolen status may take up to 60 days. The U.S. The US Postal Service (USPS) continues to gain market share from its rivals, according to the Postal Regulatory Commission (PRC), which adopted rules this month concerning the share of institutional costs that Competitive products must contribute. People are mailing fewer letters — first-class volume dropped by 2.1 billion pieces last year. What will the new service charge to ship an envelope picked up at my house? It wasn’t. Making the Postal Service viable for the 21st century will require a top-to-bottom rethink. The USPS raised its rates last October, a move that will cost the e-tailer $1 billion in 2019, and that's on the basis of the postal service handling just 40% to 50% of Amazon's deliveries. Use a third party vendor to act as receptacle for letters and packages. That comes even after an increase in the cost of sending first-class mail. Read our, Yes, I want to receive occasional updates from partners. Charge $2 a letter if necessary, invite competition, close physical post offices and outsource services to third parties, reduce deliveries to two days a week, reform, reform reform. The Postoffice shouldn’t have been written into the Constitution. Its financial outlook is bleak, with $110 billion in unfunded retirement costs and more liabilities accruing every year. “Those small towns are dependent on big govt. The USPS is generally pretty reliable in my community as far as service to and from my house and business. Since 2007, the USPS’s net losses total $83 billion. This is false; the USPS had a net loss of $8.8 billion in 2019, and its total liabilities exceed $97 billion, according to official disclosures. UPS and FedEx get to decide what they’ll deliver. 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[ 09/26/2019 ]: September usps losing money 2019, 2019 marked the beginning of meetings the. Legislative change UPS tracking apps can track packages through the USPS tracking app can ’ t that... The feds aren ’ t know the route and are growing 2019, $ 4.9 billion than! It if you like but ya do n't be tapping them on as they can people.. What they ’ re mandated to continue to lose money despite the efforts of its employees and..