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I think I know why the USPS is losing money

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Howard_Casto:

--- Quote from: spoot on March 06, 2013, 03:30:41 pm ---Along with the following:
USPS currently prepays retiree health benefits. These payments are prepaid on an annual basis for employees who are not even eligible for retirement yet, according to USPS.

--- End quote ---

That's really not wasteful, it's smart.  The cost of healthcare only goes up as the years go on.  Buying it now saves money.  I also guess that the policy can be transferred over to another worker if the one it was intended for quits before meeting retirement qualifications.


I'll also remind everyone that the USPS is a federal agency.  Despite what some politicians might tell you, the goal of the USPS is NOT to make a profit.  It's a public service like a library or the school system.  Up until recently it's always made enough to cover expenses but I don't really think it should go anywhere even if privately run companies are giving it a run for it's money.   The penny currently costs more to produce than it's worth.  Nobody is scrambling to get rid of pennies.  The public library might have a worse selection, and certainly makes less money (they don't make any) than your brick and mortar book store chain, but nobody suggests getting rid of libraries. 

spoot:

--- Quote from: Howard_Casto on March 06, 2013, 03:56:16 pm ---
--- Quote from: spoot on March 06, 2013, 03:30:41 pm ---Along with the following:
USPS currently prepays retiree health benefits. These payments are prepaid on an annual basis for employees who are not even eligible for retirement yet, according to USPS.

--- End quote ---

That's really not wasteful, it's smart.  The cost of healthcare only goes up as the years go on.  Buying it now saves money.  I also guess that the policy can be transferred over to another worker if the one it was intended for quits before meeting retirement qualifications.

--- End quote ---

Sorry, should have added another line to mine:
This bill required that the USPS prefund its future health care benefit payments to retirees for the next 75 years in an astonishing ten-year time span.

I doubt very many companies could actually afford that......

Malenko:

--- Quote from: Howard_Casto on March 06, 2013, 01:04:02 pm ---It has to do with the USPS sorting system.  It is optimized for long distances and is NOT optimized for short ones. 

--- End quote ---
While not the longest distance, I wouldnt consider Florida to Delaware short. Philadelphia is my regional sorting hub (most packages go there, then to my local post office, then to mi casa)
Undoubtedly they sorted my package to Newark, New Jersey instead of Newark, Delaware

hypernova:
The fact that the package languished in two separate facilities for multiple days is a bit queer.  I'm thinking this was quite a fluke, because the numerous times I've shipped or had something shipped to us via the USPS, no matter where we lived, it's always been a great experience.

Dervacumen:
When I ship my pastry to a location two hours south of here via priority mail it takes three days, without fail.  First it goes north 50 miles, then south about 100 miles past the destination before finally being delivered.
When I ship to major metros just about anywhere else in the country I have a decent chance of it arriving in two days.

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