USPS has been losing money for years. Here's why
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- čas přidán 5. 10. 2020
- It's no secret that the United States Postal Service has been losing money for a long time, but that's not entirely its fault. Here are the real reasons it's in the red.
Produced by John General
Supervising Producer Bronte Lord
#CNN
#Business
#USPS
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The 2006 bill they talk about was passed with almost unanimous support due to the post office showing a profit that year of around 6 billion dollars.
Also about this time email and social media web sites were starting to become more popular. Over the next few years text messaging and other forms of instant messaging came along. During this same time period online bill pay was growing more popular also. All this cut into the first class mail and those profits.
Since the congress has ignored this growing problem they are the most to blame.
It’s not losing money it costs money its like saying the military loses money
How much money did it make?
Purple Blood none
I haul mail cross country and I believe it because I’m a outside carrier and they paying us cheaper what they can pay their driver🤔
Operating a fleet of trucks too small to deliver sizeable packages in a profitable manner was huge mistake. Since the 1950s all they've had is tiny little jeep trucks. If it weren't for third-party drivers like you USPS would cease to exist. Amazon's off-the-shelf, non-custom vans have probably double the capacity.
wow THANK YOU USPS YOU GUYS ARE AMAZING ! THANK YOU FOR SERVING THE AMERICAN PEOPLE
They made it seem like they lost the money! They didn’t make the 26 billion like they did prior
All post office is good for today is delivering junk mail and Amazon crap!
Lol, that's funny!
Yikes
Sadly we no longer need the postal services any more. It’s an out dated system that really didn’t keep up with time..
You must not shop online or ship documents. Why are you thumbs uping your own comment
So how do you get your delivery packages......
@@Michael20 Thanks for the tip I forgot to thumbs up my video.
@@Hyvexx I use Amazon, which uses contractors. I dont mail letters, buy stamps, nor use the Post office. I don't hate the USPS either nor do I want employees to lose their jobs. I just feel that USPS is antiquated and needs help to continue appealing to the younger generation.
@@WowDaniX Yea but usps also delivers amazon packages
Good idea. Let's fully prioritize the post office!... now your on board CNN
Its probably in the dumpsters or....etc....
UPS is next haha
Save the post office!
Woww....75yrs?? That's totally unnecessary
Let me guess - Amazon , FedEx and etc
I'm just here for the civilized discussion in the comments.
And they steal your package too.
Good. I wait for love from you 💝💖
The Post Office's all-inclusive method is killing them . Darwin, CA for example is on edge of Death Valley and has a reported 34 residents. Yet, they operate a Post Office anyway. This makes me think that on a location basis, I bet there are hundreds, if not thousands, of locations that individually chalk up negative incomes. USPS focuses on including all people and locations, even those with significant loss. If there are 1000 locations each costing say 100,000 loss per year (rent, upkeep, bills, employees, etc.) then that's 100 million loss in itself. TBH if Darwin, CA didn't have a Post Office for their 34 residents they would probably move back to the city. Losing $4.93 billion last year is an epic failure in itself. Trump recognized this and talked hella smack, yet in his 4 years he did not successfully make any changes to effect USPS long-term growth (in order to stop losing money).
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I'm Single 😍😥
The 2006 bill they talk about was passed with almost unanimous support due to the post office showing a profit that year of around 6 billion dollars.
Also about this time email and social media web sites were starting to become more popular. Over the next few years text messaging and other forms of instant messaging came along. During this same time period online bill pay was growing more popular also. All this cut into the first class mail and those profits.
Since the congress has ignored this growing problem they are the most to blame.
The 2006 bill they talk about was passed with almost unanimous support due to the post office showing a profit that year of around 6 billion dollars.
Also about this time email and social media web sites were starting to become more popular. Over the next few years text messaging and other forms of instant messaging came along. During this same time period online bill pay was growing more popular also. All this cut into the first class mail and those profits.
Since the congress has ignored this growing problem they are the most to blame.
The 2006 bill they talk about was passed with almost unanimous support due to the post office showing a profit that year of around 6 billion dollars.
Also about this time email and social media web sites were starting to become more popular. Over the next few years text messaging and other forms of instant messaging came along. During this same time period online bill pay was growing more popular also. All this cut into the first class mail and those profits.
Since the congress has ignored this growing problem they are the most to blame.
The 2006 bill they talk about was passed with almost unanimous support due to the post office showing a profit that year of around 6 billion dollars.
Also about this time email and social media web sites were starting to become more popular. Over the next few years text messaging and other forms of instant messaging came along. During this same time period online bill pay was growing more popular also. All this cut into the first class mail and those profits.
Since the congress has ignored this growing problem they are the most to blame.