Part of the plan includes a transition to a model "that delivers mail fewer days per week and to more central locations (not door delivery) [which] would operate
at substantially lower costs."
The plan notes "USPS already has over $100 billion in unfunded liabilities, a substantial
capital investment backlog, has posted losses for over a decade, and has no clear path to profitability
without reform."
Except the primary reason the USPS has posted losses for over a decade is that, in 2006, Congress passed a law requiring the USPS to pre-fund retiree health benefits (supported by both sides of the aisle I should add) unlike any other Government agency or private industry competitor.
It really isn't hard to understand, the USPS is not playing by a fair set of rules and is losing as a result.
Part of the plan includes a transition to a model "that delivers mail fewer days per week and to more central locations (not door delivery) [which] would operate at substantially lower costs."
The plan notes "USPS already has over $100 billion in unfunded liabilities, a substantial capital investment backlog, has posted losses for over a decade, and has no clear path to profitability without reform."
Except the primary reason the USPS has posted losses for over a decade is that, in 2006, Congress passed a law requiring the USPS to pre-fund retiree health benefits (supported by both sides of the aisle I should add) unlike any other Government agency or private industry competitor.
It really isn't hard to understand, the USPS is not playing by a fair set of rules and is losing as a result.