Day: August 12, 2017

Postal Postal Service: More red ink, missed payments as mail slumps

Postal Service: More red ink, missed payments as mail slumps

WASHINGTON (AP) — The U.S. Postal Service warned Thursday that it will likely default on up to $6.9 billion in payments for future retiree health and pension benefits for the fifth straight year, citing a coming cash crunch that could disrupt day-to-day mail delivery. The service said it expected cash balances to run low by …

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Postal Put The Postal Deficit Problem Where It Belongs!

Put The Postal Deficit Problem Where It Belongs!

The postal deficit is in the news again.  We are losing money left and right.  The USPS can’t pay their 2006 retirement bill of billions of dollars every year.  The internet is still killing us.  First class mail volume is way down, we will have to excess and close mail processing plants again.  We will …

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