US Announces Withdraw From Postal Treaty

Re:US Announces Withdraw From Postal Treaty by tmaly on Thursday October 18, 2018 @12:50PM (#18249915)

I kept hearing the claim that the US Post Office was losing money on items shipped by Amazon.

So I asked the Postman delivering my Amazon package on a Sunday, and he confirmed that indeed the Post Office was being paid far less on a per package basis for Amazon deliveries than the regular rate.

In the case of this Postal Treaty, it seems like the Post Office is losing money on delivering these <= 4 pound packages from China.

The US Post Office is struggling enough, I think pulling out of this treaty is a good thing if it can help them.

[ Parent | on HN ]

Re:US Announces Withdraw From Postal Treaty by CodeWriter23 on Thursday October 18, 2018 @01:09PM (#18250103)

There’s a little more nuance to it. The Postal Accountability and Enhancement Act of 2006 [1] is the major contributor to USPS’ ongoing financial issues. That act requires USPS to maintain a 75 year reserve for retirement and medical benefits. Other agencies including the Armed Forces max out at 20 years by comparison.

1. https://www.congress.gov/bill/109th-congress/house-bill/6407

[ Parent | on HN ]