USPS Reports Quarterly Loss OF $562M, Wants To Raise Stamp Prices

MINNEAPOLIS (WCCO) — You may be paying more for stamps after more bad news for the U.S. Postal service. The postal service has reported a quarterly loss of $562 million.

That’s despite growth in package delivery.

People still aren’t mailing as much as they used to and the USPS has expensive health care obligations.

So, they want to raise stamps by a penny or more.

Comments

One Comment

  1. Chip Drewry says:

    Completely privatize the USPS or farm it out to UPS. Another one or two buckets to keep bailing water out of the Titanic isn’t going to stop it from sinking. The main reason cited… healthcare. In other words, obamacare.

  2. Fedex has been working with USPS for a few years delivering their packages. It’s time to sell off the entire USPS system to private companies and franchises who can sell MORE unique products and services to keep profitable. Don’t want one big monopoly like now. The pensions of USPS alone are bankrupting it. USPS has been constantly spending billions on new technology every 2-3 years but it never pays for itself. I know, I worked with them in the mid 1990’s on equipment technology sorting. All of it has been wasteful spending and broken promises. Nothing is efficient.

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