That's the good news.
Now the bad news:
- The October to December period, which is the first quarter of the Postal Service's fiscal year, is typically the strongest [quarter] because of the holidays.
- This year, extra mail tied to the November elections and stronger revenue from holiday-related packages contributed to a better quarter.
- The Postal Service defaulted twice last year on required payments to the federal government and lost almost $16 billion during the fiscal year.
Two defaults in one year.
That must be some kind of record.
I think the mail could be delivered just twice a week and things would not grind to a halt. Most of us receive or pay our bills on line. I don't think the volume of mail would be unmanageable going to a two or three day delivery schedule.
ReplyDeleteI agree completely. Unfortunately I think this is now in the "political arena" and all about jobs.
DeleteMy parents and grandparents would never pay a bill online. Most in that generation can barely understand the concept of email. Plus up to twenty percent of americans don't have internet access.
ReplyDeleteThe answer is simple, double the cost of the stamp. We have the fastet postal service in the world and the only reson why they are hurting is because the cost of the stamp hasn't been raised to accurately meet their costs. They're so good and inexpensive that Fedex uses them for around 30% of their ground deliveries.