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The Postal Service Is Running Out Of Options.

 
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Rest in Peace
United States
1806 Posts
Posted 06/05/2011   5:49 pm  Show Profile Bookmark this topic Add 1775mac to your friends list Get a Link to this Message
Facing insolvency, can it reinvent itself like European services have or will it implode?

By Devin Leonard

Article removed by Staff due to Copyright 2011 Bloomberg L.P.All rights reserved.

http://www.msnbc.msn.com/id/4325951...-us_business


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Bedrock Of The Community
United States
12128 Posts
Posted 06/05/2011   6:08 pm  Show Profile Bookmark this reply Add wt1 to your friends list  Get a Link to this Reply
Way too much information there, but to summarize some interesting data, I found this quote to be very interesting:


Quote:
The USPS is a wondrous American creation. Six days a week it delivers an average of 563 million pieces of mail 40 percent of the entire world's volume. For the price of a 44 stamp, you can mail a letter anywhere within the nation's borders. The service will carry it by pack mule to the Havasupai Indian reservation at the bottom of the Grand Canyon. Mailmen on snowmobiles take it to the wilds of Alaska. If your recipient can no longer be found, the USPS will return it at no extra charge. It may be the greatest bargain on earth.

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Edited by wt1 - 06/05/2011 6:15 pm
Bedrock Of The Community
United States
12128 Posts
Posted 06/05/2011   9:58 pm  Show Profile Bookmark this reply Add wt1 to your friends list  Get a Link to this Reply
Here's another link to an article on essentially the same subject:

http://www.messengernews.net/page/c...tml?nav=5010

However, I was surprised at these statistics as mentioned in the article, namely:


Quote:
1. The Postal Service is hemorrhaging $23 million a day;

2. There are 32,000 post office buildings across the U.S., 75 percent of which are leased;

3. There are some offices that may only have two transactions a day.

When asked why the Postal Service isn't viable like services such as FedEx or United Parcel Service...there were two significant differences: One, UPS and FedEx don't deliver to every address six days a week; and two, private companies can focus their efforts on areas that are most profitable [but the U.S.] Postal Service focuses its efforts on universal mail service for everyone in the U.S., regardless of where they live.

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