Tuesday, March 2, 2010
Post Office Cuts Likely
Losses of over $200 billion in the next 10 years are estimated by the postmaster general of the United States - unless the Post Office is permitted to drastically amend the way it does business.
To obtain solvency, it looks like the Post Office may have to cut Saturday deliveries, increase postal rates, take longer to deliver mail and perhaps resort to layoffs.
This may be the prudent solution - but it does nothing to make the Post Office competitive.
FedEx or UPS guarantees deliveries overnight - at a premium price of course. Email is instantaneous. How many of us, as we become more comfortable with the concept, have resorted to paying bills online?
Heck, many of us actually recieve the bills online now. That's a double whammy to the Post Office.
Neither rain, nor sleet, nor snow may stop the Post Office. But it seems poor management, competition and new technology can.
Join me at 5 PM NY time weekdays on News Talk Online on the Paltalk News Network. Just click on www.joinchatnow.com to join the chat. There is no charge.