They are talking about cutting Saturday and raising postage prices. Not good news for us traders who have to use the mail.they need to cut out a tuesday or wednesday too! they going to go belly up soon...... i think the saturday is a great idea. prices maybe able to hold for awhile.... at least 6 monthes
They are in a $10BIL hole as it is, I work in the mail industry and it's not pretty.Im getting conflicting reports as to the news at 4pm, they reported that the Sat. service HAD been suspended but then I heard they were going to vote. I would think that a weekday possibly Tuesday instead of Saturday would be more appealing. Many people (not myself) cant get to the P.O. all week and only mail on Sat.
I also understand the email and online bill pay deal that cuts into thier profits. Why dont they offer a hub where you can do all of these sanctioned by the USPS. Would give them extra income to make up for a portion of thier losses. Ebay and card traders dealing should if anything make up for a nice portion. Can you imagine if all the card traders quit or cut back because of rate hikes and the deficit the USPS would face then.
Our govt is collapsing around us piece by piece and no one seems to know how to fix it. Its a shame the customers have to bail them out.
Mail twice a week makes sense and would save a ton of money on salaries an benefits, what's the difference if I get me cable bill on Monday or Thursday it's still not due for 2 weeks.
Only the PO thinks that raising prices will help drive a revenue increase. If Wal-Mart has 10,000 microwave ovens that have been in their warehouse for a year and aren't selling at 100 bucks apiece, they aren't raising the cost to 125 bucks to get rid of them, they will drop the price to 75 bucks, watch them all sell and pick up additional money because of the additional in store traffic.
Every time they raise the 1st class rate, more people make the decision to go to online bill pay and once those people are gone, they aren't coming back. Just my humble opinion, but if the PO dropped the price to 40 cents a stamp and held all other prices the same and eliminated all the unnecessary positions at the PO, I would wager their revenues would take a jump.