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Federal Task Force To Investigate The USPS's Finances

 
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Posted 04/13/2018   10:24 pm  Show Profile Check eyeonwall's eBay Listings Bookmark this topic Add eyeonwall to your friends list Get a Link to this Message
President Trump issued an unexpected executive order Thursday night creating a federal task force to investigate the U.S. Postal Service's finances, including its pricing and workforce costs.
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Posted 04/13/2018   10:24 pm  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
It is about time.
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Posted 04/14/2018   03:00 am  Show Profile Check 51studebaker's eBay Listings Bookmark this reply Add 51studebaker to your friends list  Get a Link to this Reply
Perhaps they will be able to get to the bottom of how Amazon has China and Hong Kong sellers who can ship parcels through USPS for less than the rest of us can mail a first class letter.

ePacket is a USPS program which gives some countries a deep discount for 'volume'. Frankly, I do not understand why a 'volume' principal applies to USPS. While it may be able to receive a container of parcels from off-shore, it still has to sort and distribute them through the entire USPS system. It is not like the entire container flows through the USPS system as one large shipment.

Even uglier, the ePacket discount is 'one-way'. This allows sellers in China and Hong Kong to dump bad products into USA with little worry that the product will ever be returned. The return postage often is 50% or more of the price paid for the product.

Washington has been 'looking into' the ePacket deal for years. In 2015 the USPS reported they lost $75 million thanks to ePacket (according to testimony of David Williams, inspector general of the USPS). He also reported that in 2012 USPS received 27 million ePackets and they lost an average of $1.10 on each one.
Don
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Posted 04/14/2018   07:51 am  Show Profile Bookmark this reply Add modernstamps to your friends list  Get a Link to this Reply
It will be interesting to see what they find.
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Posted 04/14/2018   08:02 am  Show Profile Bookmark this reply Add rogdcam to your friends list  Get a Link to this Reply
https://www.forbes.com/sites/wadesh...28d75acd53f5

An excellent article on the topic of e-packet.
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Posted 04/14/2018   11:52 pm  Show Profile Check eyeonwall's eBay Listings Bookmark this reply Add eyeonwall to your friends list  Get a Link to this Reply
Don - I sure hope that is part of what they look into
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Posted 04/15/2018   12:00 am  Show Profile Bookmark this reply Add oldguy to your friends list  Get a Link to this Reply
USPS ePacket business motto: "We take a little loss on each sale, but make up for it in volume."
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Posted 04/16/2018   12:50 pm  Show Profile Bookmark this reply Add floortrader to your friends list  Get a Link to this Reply
That is only one small part of the mess .

The Post Office has more Vice-Presidents than most corporations ,all who make above $200,000 a year . The salaries in management is way out of line.

Check out what they make ,the payroll is crazy for a semi-government job .
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Posted 04/16/2018   1:20 pm  Show Profile Check Battlestamps's eBay Listings Bookmark this reply Add Battlestamps to your friends list  Get a Link to this Reply
Unless you're a clerk and then you might make squat.
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