USPS financial statement for the month of November (2nd month of the FY 2016) continues to show a financial loss ($185 million) with the PAEA required pre-funding for retirees health benefits and a profit without. USPS reports a year to date profit of $800 million after two months of the FY 2016. Total mail volume increased by 1.2% in November and shipping and package services 18.2%. Package volume increased by 13.8%. First class mail volume decreased by 4%. Postal employees workhours in all categories increased over same period last year (SPLY)
see graphics below and full report
Click here to download the full financial report from the PRC web site
Spin numbers anyway you want them. I don’t think anyone actually knows the truth
More with less. If the thugs and tools left the Service
alone we could make billions.
As far as,I’ve been reading USPS,stopped making the full pre-retirement funding in 2011. Anyone, know this 2 be false? From what I recall,USPS recently made several partial”pre-funding”payments,
Donahoe ended the pre-fund payments in 2012,as the OIG audits showed retiree healthcare was already overfunded. Nothing but a shell game by Congress fund other programs and give the Repubs the ammo to push for privatization by lying to the public.
The time has long passed to end the prefunding crap for health care placed on the Postal Service! The only reason for the prefunding is to place an unnecessary cost on the Postal Service. The pudwackers on the right say the tax payers will be forced to “bail out ” the Postal workers health care costs! If one were to look how the tax payer must every day pay the costs of business operations. Consider the earned income tax credit, welfare, food stamps, Medicaid, and what ever else businessmen can suck off from the tax payer! Businessmen pay as little as possible then they expect the tax payer to make up the difference. Businessmen just love to collect wealthfare! They love to hold out their paws and collect all they can.
Don’t get to excited yet….package delivery is up but the plant I work in has failed our customers miserably. Consolidation doesn’t work here in Asheville & Greenville P&DC. We should be appalled and embarrassed seeing the large amounts of mail that we failed to clear on time for Christmas. Service needs to be removed from our mission statement…..Yes, the revenue is good but service is poor and sooner or later customer will find an alternative to delay deliveries. It sure wasn’t the lack of effort from hundreds of hard working employees that did there best to get it done….Management needs to re-open the NC plant and give back to our customers the service they have enjoyed and expected and pay for.