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Post Office Close To Bankruptcy.

 
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Rest in Peace
United States
1806 Posts
Posted 09/16/2011   08:49 am  Show Profile Bookmark this topic Add 1775mac to your friends list Get a Link to this Message
Just do a quick search on Google about USPS and bankruptcy and see all of the articles. Here is a overall information just how close they are.

http://www.business2community.com/f...ially-058892

After reading a couple articles a thought just about slammed me. What if? So what if they do claim bankruptcy. Are they no longer responsible to honor previous issued stamps for payment on delivery? Will a new stamp be issued and previous issues canceled? Just how many of you have stacks of those 3 cent issues. They never did make you a fortune but are now being slapped on packages 20 or 30 at a time for postage. I know at least almost 10 thousand in later issues in my collections or stock sitting waiting just to be used as postage or anyone new to collecting to fill up those spaces.
Bankruptcy is claimed to prevent collection on previous debts so isn't all those older issues previous debt? Do not think that it could not happen but think " What If ?"
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Bedrock Of The Community
United States
12128 Posts
Posted 09/16/2011   09:18 am  Show Profile Bookmark this reply Add wt1 to your friends list  Get a Link to this Reply
Demonetizing postage stamps would hardly make an iota of difference in the US Postal Service's financial problems and would probably complicate things so bad (i.e. the need for costly mail equipment that could distinguish between valid and invalid stamps) that it would be cost prohibitive to even think along those lines.

I think this quote sums it up in a nutshell:


Quote:
But the United States Postal Service going into bankruptcy? Say it ain't so!

OK, it ain't so. The USPS isn't going anywhere. It may be running on empty, but our fragile economy would collapse without the mail. The Washington politicians know this, and first-class mail helps them get re-elected. So we'll mend the broken parts of the system, close the little hometown POs, lay off 220,000 postal workers, and push forward as best we can.


Should you wish to read the entire article, here's the link:

http://www.thepilot.com/news/2011/s...ing-extinct/
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Bedrock Of The Community
United States
12128 Posts
Posted 09/25/2011   8:25 pm  Show Profile Bookmark this reply Add wt1 to your friends list  Get a Link to this Reply
Sometimes along with this dismal news, we need to look at the problem on the lighter side of things, so I post this political cartoon you might enjoy:

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Pillar Of The Community
Canada
2277 Posts
Posted 09/25/2011   11:08 pm  Show Profile Bookmark this reply Add nitrolures to your friends list  Get a Link to this Reply
Seen president of either UPS or FED EX on CNN stating that bottom up changes to USPS are the only way to stop the bleeding. For example mailing a letter to Alaska/Hawaii for the same rate as the continetal states when in reality the true cost to get it there is 30-50x the rate is just a small example of bad business. At the same time UPS and FED EX are taking more and more of the lower end business away. When most or a high percentage of the debt is pension and retirement cost bankruptcy would only destroy past employees livelihoods and the cost would fall on the government who will not let them fail. I think the impact if USPS were to be no more would be another devistating blow to the stock markets and global confidence. I think The more congress and Gov't get involved the worse it will get .
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Pillar Of The Community
Australia
898 Posts
Posted 09/26/2011   03:38 am  Show Profile Bookmark this reply Add finches to your friends list  Get a Link to this Reply
[quote]Some additional options include eliminating Saturday delivery, extensive layoffs, cutting back on pension plans and handling the end delivery for UPS and FedEx.[/quote

1775MAC, It's clear US Authorities know what actions are needed to revive/resurrect USPS, immediate implementation of the above would be an excellent start preventing terminal consequences.
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Pillar Of The Community
Australia
898 Posts
Posted 11/19/2011   09:37 am  Show Profile Bookmark this reply Add finches to your friends list  Get a Link to this Reply
Our successful Main Post Office services a population of just under 10,000 people (now). Twenty five years ago there were an additional 3 suburban shop type PO's.

NO loss of convenience because shoppers buy at the large main shopping centers where the PO is strategically situated, rather than dearer small district shops.

What population do the US PO's service ?.
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Pillar Of The Community
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Canada
1333 Posts
Posted 11/19/2011   10:12 am  Show Profile Bookmark this reply Add Gilles le timbre to your friends list  Get a Link to this Reply
hey Finches...is there delivery on Saturdays ? No wonder tey overrun their costs
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Valued Member
United States
126 Posts
Posted 11/23/2011   12:19 pm  Show Profile Bookmark this reply Add marko1959 to your friends list  Get a Link to this Reply
I could live with out delivery on Sat....... look at what the labor savings would be. Like most folks I pay on line,,,,, keep connected with family and freinds thru the net,,,, SO I rarely mail stuff unless its to trade stamps, but stamp online,,,
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Bedrock Of The Community
United States
12128 Posts
Posted 11/23/2011   1:35 pm  Show Profile Bookmark this reply Add wt1 to your friends list  Get a Link to this Reply
As a residential customer, I could live without Saturday mail delivery, but here's one opinion as to why the USPS proposal to eliminate Saturday mail delivery could backfire, and not save as much as originally anticipated:


Quote:
Proposed by Postmaster General Patrick Donohoe as a cost-saving measure of about $3 billion, Saturday deliveries would be canceled..."He's not taking into account some of the lost revenue we're going to have. Because some of the big mailers said they'll leave us if we do away with Saturday delivery," Emerson Kretzer, rural letter carrier, said.

Alleging big medical mail distributors have threatened to use another delivery service if Saturday mail is canceled including Caremark, Express Scripts and Veterans Health Care Mr. Kretzer sees the idea as a huge risk to both the bottom line and the Postal Service's customers.

"(Medicine delivery companies) wait until a day or two before you run out, and then they send more. So if you don't deliver on Saturday, you're not going to get it on Sunday. And Monday might be a holiday," he said.


The source: http://www.newspressnow.com/localne.../detail.html
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Pillar Of The Community
United States
5880 Posts
Posted 11/23/2011   2:04 pm  Show Profile Bookmark this reply Add smauggie to your friends list  Get a Link to this Reply
The post office is not doing well because someone does not want it to do well. There are some parties with a vested interest in seeing USPS fail.
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APS Member #: 222539 AAPE, Maplewood Stamp Club (MN), Northern Philatelic Society, US Philatelic Classics Society, Auxiliary Markings Club, Canal Zone Study Group, Minnesota Postal History Society
Pillar Of The Community
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United States
5448 Posts
Posted 11/23/2011   2:21 pm  Show Profile Check revenuecollector's eBay Listings Bookmark this reply Add revenuecollector to your friends list  Get a Link to this Reply
Get rid of the insane pension prefunding requirement that Congress has placed upon the USPS (that none of its competitors are forced to meet) and you'd be amazed how the picture changes...
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Valued Member
United States
432 Posts
Posted 11/23/2011   2:21 pm  Show Profile Bookmark this reply Add Ajnabii to your friends list  Get a Link to this Reply
Do you think the US would privatize the postal service/outsource it like the German post did with DHL?
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Bedrock Of The Community
United States
12128 Posts
Posted 11/23/2011   3:07 pm  Show Profile Bookmark this reply Add wt1 to your friends list  Get a Link to this Reply

Quote:
Do you think the US would privatize the postal service/outsource it like the German post did with DHL?


It's been talked about. It would take some major political action to make it happen, though, as it is clearly written in the US Constitution that the government must provide for a post office.

Further, there are few entities or existing delivery services that would go to such great lengths to make DAILY deliveries -- even if it were only 5 days per week -- to remote parts of the United States, including Alaska and Hawaii, plus mule train deliveries to the Grand Canyon and deliver to every address in other rural parts of the United States that could be miles away from anything, for a mere 44-cents per letter (or 45-cents come January 22, 2012).
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Edited by wt1 - 11/23/2011 3:09 pm
New Member
United Kingdom
2 Posts
Posted 12/30/2011   7:31 pm  Show Profile Bookmark this reply Add Theo to your friends list  Get a Link to this Reply
Royal Mail is closing post offices to save money but in some areas counter services in our pubs and bars. That will be "A book of second class stamps, one parcel to go, and a pint of budweiser please!"
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Valued Member
United States
26 Posts
Posted 02/08/2012   10:10 pm  Show Profile Bookmark this reply Add Pookie64 to your friends list  Get a Link to this Reply
Theo, no way! As a Yank that spends lots of time in the UK, I would say a pint of London Pride!
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