The Board of Governors just released the financials for Quarter 1 of FY 2008 (Oct 1 - Dec. 31)
* Operating revenue of $19.1 billion, a decrease of $1.3 billion, or 6.3 percent, compared to the same period last year.
* Operating expenses of $19.5 billion, a reduction of approximately $200 million, or 1.1 percent, from the first quarter of last year
* Overall mail volume declined 9.3 percent, or 5.2 billion pieces, compared to quarter one of last year, the eighth consecutive quarter of accelerating volume declines.
* First-class Mail volume decreased by 1.8 billion pieces and Standard Mail volume was down 3 billion pieces in the first quarter.
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6 comments:
I wrote am E-idea proposal in November 2008 to suggest that Saturday delivery should be eliminated. Instead I suggested that daily hours of operation, Monday through Friday be expanded to ten hours daily to increase business opportunities. Further, in small offices like mine and 26 thousand others across the country, the PMLR would play a vital role in working that fifth day, and hence, become better trained and knowledgable.
Too many of my customers need and want the USPS, but our hours of operation make that use difficult.
as a FTR I think we should take a 1.00 and hour cut in pay. if there are 800 thousand of us that could save 1,536,000,000.00 a year. That would solve the problem for me and the only person to loose in my house would be Starbucks. I couldnt afford 2 cups of coffee a day out but Foldgers would make more money because I would make it at coffe at home.
If the post office is in such a economic meltdown, then why are they paying a sick leave abuser higher level pay and the rest of the carriers penalty over time??? Don't make sense to me.
You would not believe the waste I have seen in just the last couple of years. It is disgusting. Brand new parts and pieces of machinery put into rollaway trash bins. Someone in the private sector is probably making a killing! If we want to reduce inventory and storage space, tossing goods in the trash is the wrong way to achieve it. Send it to another facility that needs it, sell it on e-bay, sell it as scrap, but STOP throwing away money!
I think in the long run it would not be cost effective to change to a 5 day delivery. I believe we could save money by not having rural count every year. This does not make sense . There has to be a better way
the p.o. is it a meltdown and it will not be fixed without gov money on a regluar base.
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