Your daily reminder that the U.S. Postal SERVICE is a service that is designed to benefit taxpayers and not a business that should be expected to turn a profit.
NEW: The U.S. Postal Service posted a net loss of $3.3 billion in this fiscal year’s second quarter mainly due to “significant challenges out of our control,” including workers’ compensation costs, Luke Grossmann, USPS chief financial officer, said at the open session of the governing board meeting
May 10, 2025 16:12NEW: The US Armed Services posted a net loss of 2.23 trillion dollars in the last fiscal year.
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#EntrepreneurLife #BrandStrategyAren't they being required to fund pensions like 70 years in advance? That's what makes them "unprofitable".
I'm going out on a limb and say that the current administration is a money loser and should be cut. Entirely.
Doesn’t the Postal Service lose money because they have to pay into their retirement system first or something like that, because Republicans in Congress set it up that way so it won’t make money-so they can use that as an excuse to shut it down?
Interestingly, USPS is mandated by law to NOT make a profit.
Can you name a for-profit company that will deliver mail daily in rural communities? That's why you have the USPS, and we have Canada Post 📫 🫡✌️
The PO loses money on "Junk Mail". It generates the least revenue, has to be worked by hand the most expensive way, and it goes directly into the trash in 95% of homes. Cut the junk, make all mail machine able, save the PO.
well you shoukd read the story of royal mail in UK, this guys know how to party
More push by the GOP to privatize the USPS and stop mail in voting.
The funniest thing about this is you know no one who is talking about profitability would be willing to solve it in the most straightforward capitalist way. "The USPS is losing money!" "OK, sounds like stamps should be $3 then" "no, not like that! The unemployment way!"
And to be clear, I don't think stamps should be more expensive! But it you're opining about profitability and not suggesting raising prices, you're giving the game away that you want to replace the USPS with your for-profit buddies who can funnel money back to you
I'm noting the not so veiled attack on worker compensation. Did you know postal clerks are NOT guaranteed 40 hours of work a week in their "home" post office? If you want 40 hours a week, you have to travel to other post offices within 50 miles of your home post office to get hours. My...
...trainer has keys to 47 different post offices because she's also in the OIC program and goes where she's needed to fill in for a postmaster. But she's not guaranteed 40 hrs/week in her home post office, either.
Try blaming Louis De Joy, :)
according to Constitution, isn't the post office the reason for "post roads" in this country?
And if I remember right if it ever did turn a profit, they’d have to give the surplus balance to Ross Perot?
As in nearly all things, USPS is a giveaway for Red states. Delivering mail all across Iowa, with a population of seven people and two corncobs, costs a fortune. If we kept the USPS to NY and CA, every Post Office would look like a cathedral.
There’s this thing called money and we use it to buy things of value seems not that complex a concept
The USPS is a national treasure. We have great letter carriers who are well known in our neighborhood.
When they find out how much money the US Navy loses that'll be the greatestt day for pirates in history!
It's like expecting Social Security to turn a profit, or the Department of Defense.
Imagine having the mindset that another service, like the military, should be turning a profit.
