Tuesday, November 30, 2010
The Postal Service is Shrinking Fast
The United States Postal Service is lobbying Congress hard to reduce its number of delivery days from the current six a week to five a week. The USPS wants to eliminate Saturday mail deliveries in order to reduce costs and cope with less revenue from the dwindling number of pieces of "Snail Mail" that the public sends out in the new age of E-mails and texting options. In the year 2000 the postal service handled a record number of pieces of mail. That year it was over 55.1 billion. In 2010 the projected number is set to be about 29.8 billion. The argument against the reduction in the weekly number of delivery days has to do with some of the things that the public receives through the mail that they cannot do without such as prescription drugs, Social Security checks, and getting their bills on time. Those in favor of the change argue that most people wont miss the reduced amounts of junk mail that may occur and that nowadays many people pay their bills online and can have their SSI checks directly transferred to their bank accounts and such. The Postal Service is expected to suffer a loss this year of over 8.5 billion dollars due to the reduced volume of mail and by reducing the delivery days to 5 instead of 6 it would go a good deal of the way towards reducing that operating loss. If Congress approves the change (which is required) the USPS will be able to cut its work force of over 600,000 employees by about 80,000.
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