why the post office is losing money

[croat]

Indeed - and who is to blame .... CONGRESS.
Love how everyone treats the USPS as the whipping boy for the lazy bureaucrats in DC.

If the Post Office was truly self regulating as it should, it would be a very efficient and profitable business again.

[Metaxa]

Originally Posted by todde702

This: http://www.huffingtonpost.com/ron-bl...b_1927634.html

The Pensions pre-funding is killing them.

Not to mention the price of a stamp is still regulated. I seriously doubt 46 cents really covers all of the expenses involved in mailing a letter.

I recently mailed a first class letter of standard light weight and dimensions to Florida.
My cost to Canada Post, a Crown Corporation was $1.40 something.

[silvermike]

One issue is volume. The post office is now competing with electronic bills and bill payment. Of course emails and facebook. All have cut down on first class mail. Another issue is not what they pay people who work but how much they pay for people who don't work. The USPS follows the Civil Service or Federal Employees Retirement depending on when the employee started with the post office. It is more expensive and places the liability on the employer and not the employee as in a 401k plan.