Postal Service: What's the real issue

10 things the post office won’t tell you

"...some in the postal industry say that declining mail is just an excuse: “There is red ink, but the overwhelming share has nothing to do with mail volume, the Internet, or other factors related to the mail,” says Fredric Rolando, president of the National Association of Letter Carriers. The retiree health payments account for nearly 80%, or $9.2 billion, of the first three quarters’ losses, and they “not only have exhausted the Postal Service’s profits, savings and borrowing authority, they also have distracted the USPS from addressing the structural issues that do indeed exist as society changes,” says Rolando, ..."  
Source: marketwatch.com

Visit Our Homepage