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Old 11-16-2009, 02:47 PM
Franc Tireur Franc Tireur is offline
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Postal Service reports $3.8 billion loss

Agency continues to lose money despite $10 billion in cost-cutting measures, and proposes that it drop Saturday delivery.

The U.S. Postal Service reported a $3.8 billion loss in the 2009 fiscal year, and plans to propose to Congress in 2010 that it drop Saturday delivery.

That move alone would shave $3.5 billion in costs. The agency already reduced expenses by $10 billion during the year ended Sept. 30.

Those measures included eliminating 40,000 jobs, however the cash-strapped agency still employs over 712,000 people. That, combined with reduced overtime hours and lower transportation-related costs, cut $6 billion in expenses.

Additionally, the USPS reduced the payments it made for retiree health benefits by $4 billion in fiscal 2009

http://money.cnn.com/2009/11/16/news...vice/index.htm
 
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Old 11-16-2009, 03:25 PM
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Zap Zap is offline
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Canada Post doesn't deliver on Saturdays and we still seem to function as a nation.
 
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Old 11-16-2009, 03:59 PM
Franc Tireur Franc Tireur is offline
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Zap our postman in France deliver the mail by bicycle 3 times per week
 
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