i think charging different rates for marketing and "regular" mail is a great idea
Why would the military go to EVs?
Imagine how much MORE profit they'd get, if they were using EVs like Amazon, and paying a quarter of what they currently are for fueling their trucks...USPS turns a profit during busy season as DeJoy says his reforms are taking hold
The Postal Service will next look to reduce its headcount, continue consolidations and launch new products.
he U.S. Postal Service turned a profit of $144 million during its busiest season of the year, operating in the black for the first time since the height of the COVID-19 pandemic.
Postmaster General Louis DeJoy celebrated the achievement and attributed the success to changes he has implemented to cut costs, bring in new business and make the postal network more efficient. The profitable first quarter of fiscal 2025—from Oct.1 through Dec. 31—marks a stark departure from the same period in fiscal 2024, when USPS lost $2 billion.
“Our future is bright,” DeJoy said on Thursday. “We are on the right path. We can compete with the best. We can achieve financial solvency. And we can create a network that is integrated, modern, and performance based.”
USPS turned a net profit of nearly $1 billion in the most recent fiscal quarter when excluding expenses postal management deems outside of its control, compared to $472 million in the same period last year. Revenue jumped by 4% to $22.5 billion while the agency slashed $326 million in transportation expenses. Much of the turnaround—$1.8 billion worth—came from changes in the calculations of USPS’ workers’ compensation obligations.
USPS turns a profit during busy season as DeJoy says his reforms are taking hold
The Postal Service will next look to reduce its headcount, continue consolidations and launch new products, though it still expects to lose money this year.www.govexec.com
Your motto: "Everything I don't like is a lie."
What is the problem? That amount divided by 17 years is only about 7 Billion a year. Raise the price of a stamp because it is still cheap as hell to get a letter across the country so quickly.
And I just looked it up and our govt gave Big Oil $20 billion in subsidies last year.
Are you able to successfully feed yourself, or does someone help you at meal time?
Let the USPS raise the price of their services to break even , easy peasy but it seems we dont do that, It is one of the highest rated govt services and people love it overall
This is true and I have for eliminating residential Saturday delivery for decades.
Who says it is not efficient!!!! They might be very efficient, not 100%, but maybe 97% to 99% efficient.
EV's don't work so well in cold temperatures, also what's the cost to install charging stations? Changing over to EV's is a stupid idea and would do nothing to reduce costs.
They'll work fine for mail routes.
yep
how many gov't agencies/businesses have to fund their pension programs 75 years out????? they are funding for employees that aren't even born yet.
Ohshit.....they're gonna buy 100,000 Cybertrucks a year to deliver mail now...
I sincerely hope they purchase 0 EV's, not practical for that type of use especially in northern or artic climates.
Drivers in Norway drive about 50% less miles than American drivers.
The U.S. Postal Service, which has been criticized for its plan to buy tens of thousands of gas-burning delivery trucks, estimates that it could in fact go all-electric if Congress gives it at least $3.3 billion.
