Showing posts with label U.S. Post Office. Show all posts
Showing posts with label U.S. Post Office. Show all posts

Friday, April 16, 2010

How about putting the Post Office up for auction?

US Postal Service (USPS) decline in mail volume 2007-09: 36 billion pieces (17%)

USPS losses, 2007-2009: $12 billion

USPS career workforce reductions, 2007-2009: 84,000

USPS unfunded pensions and retiree health obligations and other liabilities: $90 billion

Potential cumulative USPS losses: $238 billion

Employee compensation and benefits as percentage of USPS costs: 80%