USPS Reports $1.3 Billion Loss for January 2012

The USPS had a net loss of $1.262 billion in January 2012 according to preliminary (unaudited) data released by the Postal Regulatory Commission (PRC). USPS is attributing $1.017 billion of that amount to the Postal Service’s Retiree Health Benefit pre-funding expense. USPS is also reporting a year-to-date fiscal year loss of $4.5 billion (USPS reported a loss $1.422 billion for the month of December 2011, Oct. $139 million, Nov. $1.267 billion.

Mail Volume and Mail Revenue


28 thoughts on “USPS Reports $1.3 Billion Loss for January 2012

  1. Who is at the helm of this sinking ship? Is it the titanic like management says or the bounty like I say? You can either be forced to be drowned by the 5day iceberg or force the officers off the ship to a deserted island to fend for themselves. LET THEM EAT EACH OTHER!

  2. Packaging service volume -5.5% packaging service revenue +2.8%.
    Bottomline volume decreased in all categories; revenue decreased in all classes except packaging service. Efforts should be concentrated to increase market as this is a proven revenue generator.
    Street delivery could be reduced to 5 days a week to reduce cost as it is evident that mail volumes are continuing to decrease; bottomline volume decreasrd 2.8% and revenue decreased 4.9%. 6 day street delivery is a non recoverable cost as volume declines decreasing revenue and cost is increasing as fuel and vehicle cost will continue to increase, Delivery operation workhour cost will remain in a loosing mode even though routes are being consolidated as decreases in volume decreases pieces per delivery. Routes are adjusted per DOIS resulting in increasing OT and violations of article 8 which result in additional cost in long run.
    5 day street delivery would reduce cost NOT HINDER DELIVERY STANDARDS.

  3. Sooner or later the decision makers that govern USPS operations to operate at massive monatary losses must realize that revenue is decreasing as the class of mail that generated revenue is declining. USPS services and retail offices exceed the demand. Excessive supply that exceeds demand results in negative returns. 6 day street delivery is a non nneeded supply that does no have the demand for the service provided resulting in a negative return. Express and priority must be delivered 7 days aweek give customer what is paid for. Bulk business or junk mail delivered 6 days a week is a wasted cost as the service exceeds demand
    Communication both personal and business is via electronic mail which is instant and does not require purchasing a postage for delivery to a physical address within a 1-3 day delivery time.Reduce delivery days from 302 to 250 would reduce fuel and vehicle cost for 192,000+ vehicles and massive monatary savings in delivery operations cost. Service for standard bulk mail(junk mail) and non time sensitive parcels would not be affected. Common Cents or Pay the Price for non needed services that are provided in the 21st century.

  4. Boy, Firepotter, is there anything to do in Seattle? All the arm-chair politicing ain’t a gonna change diddly squat.

  5. Our BMEU had more volume and revenue than the entire USPS? I don’t think so. The numbers can not be correct.

  6. First start with managers, supervisors and level 15 postmasters and/or above be required to hold a 4 year degree. Second have them change our name back to USPS from what the clowns the past 5 years change it as united states postal Company. Third replace the PMG and Congress. Fourth, apologize to the public for the heartache the USPC has caused the past 5 years.

  7. Your right on the mark firepotter. The Managers are running around for 15 minutes a day on the floor then retreating back to their office or car to go home for the day. They get paid their full salary for doing absolutely nothing. In San Fran they are cutting the Clerks hours to pay the salaries of the worthless Managers. Thats the real crime. They mismanaged the PO and the crafts have to pay for their mistakes. Go figure.

  8. I propose that every bathroom stall should have a special toilet paper dispenser with luminous toilet paper so when the electric co. shuts off the power for lack of payment we will still be ok.

  9. The only question I have had for over 10 years now; Where is the actual revenue and volume loss? All we ever see is totals! They have consistently closed/consolidated perfectly good profitable and productive facilities into ones that are very low in both situations. It’s like making a Ford Pinto nto a Cadillac. There is NO transparency with the USPS. Never has been.

    I whole heartedly agree with Senator Levin whom has written the PMG stating:

    “You have provided an estimate of the annual savings from each closure and consolidation but no data on how these figures were reached,” Levin wrote to Postmaster General Patrick Donahoe. “In order to better understand how the Postal Service reached its conclusions, please provide me with an unredacted copy of each Area Mail Processing Study (AMP) conducted for the facilities in Michigan.”

    Finally! This should be asked by ALL, around the country! Remember folks, figures lie and liars figure. The truth will be uncovered soon enough.


  11. The post office can’t afford cutting Saturday. As a mail carrier I receive 40 feet of mail a day. As it is with 6 day delivery today I still have 80 feet of mail on Monday. The overtime resulting from the Monday volume takes 3 days of the week to catch up for just having Sunday off. Most young people don’t understand that the mail is processed at the plants 7 days a week 24/7. This is the only way that mail will be delivered in a timely manner. It’s old news any other way. If Saturday is cut then this means I will have 120 feet of mail on Monday and overtime every day of the week and still not catch up on the volume every week. So you young people need to wake up and realize that this is a ploy to destroy OUR postal system so you babies of us baby boomers can start paying 44 cents for going to MySpace to twitter your yahoos’.

  12. Here in Seattle we have foot routes in the downtown area which means we have to put the mail we carry in relay boxes. One of management’s stupid ideas was to carry dps mail on the side and bag it up in the relay boxes. This saved 30 minutes office time which management got a bonus for but added an hour and a half working the mail on the street in the weather. Not including working the nixies after returning from the street. We returned to sticking dps mail after a week when they knew they would have to adjust the routes to 8 hours again and add 3 more routes for their stupid idea. DPS mail was designed for a curb route not for foot routes. Now with Seattle management’s infinite wisdom they have demanded we change 44 foot routes to park and loop routes just so they can make us carry DPS in a 3rd bundle to claim their bonuses. As expected the first 10 routes they converted went from 8 hours to 12 hour routes overnight. This translates to 5 more carrier routes just for the 10 1st routes converted. Not including 44 new $27 thousand trucks that need gas and the $8 an hour parking. I am beginning to understand that management is deliberately racking up costs to insure the Post Office demise. FIRE ALL MANAGEMENT BEFORE IT’S TOO LATE!!!

  13. The only fix for this is to separate management and craft. Management should have no authority over craft at all. Let us see if they can work for their salaries. They will be responsible for customer service and increasing revenue for their check. If they can’t generate at least their salary in revenue then they are terminated. Just like in the private sector which they are trying to turn the postal service into. Create a new t6 position for daily operations and have the 6 most senior carriers switch off every day. This way we will be managed by our peers and not make work inbred micro- managers. The current management scam has no accountability and thinks the postal service needs them. WE DON’T! The other crafts can do the same.

  14. Eliminate 110,000 managers equals 7 billion 150 million dollars in savings. Create 10k new t6’s to replace management costs only 500 million. It can be done. This is what our union should be pushing for. Then we won’t have to negotiate with a middle man like we are with management. It will be with an arbitrator. It goes to arbitration every contract anyway.

  15. There is only one fix for this sky is falling scam implemented by management. A nationwide lock-out of every inbred weasel manager that slithers to work every day to pretend that they actually do or micro-manage anything. The 6 most senior WORKERS would rotate daily operations at plants and stations Monday to Saturday. Every postal worker needs to put the spotlight on our real enemy which is postal management. Here is a simple math problem. “If you lined up the 6 foot desks of the 110,000 management slots in a line. How long would it be?” Answer: 125 miles. I say send those desk jockeys to line the California/ Mexico border and deduct their worthless salaries from the PO and drop a dime off of a stamp. One, it won’t affect the mail stream at all and 2 management is only good at taking workers jobs away. So line them all up on our southern borders to keep the illegals from taking away American jobs. 2 birds 1 stone.

  16. This is just ridiculous , the PMG is out to dismantle the Postsl Service. Please pray to God for our Legislative Leaders to take action responsibily, and quickly to restore the order , and preserve the USPS. GET OUT AND VOTE!!!

  17. Mail volume is not declining and there have not been billions of dollars of loses. This is just a plot orchestrated by the PMG to destroy the USPS.

    He is the most powerful man if the world.

  18. Funny how the PRC can already tabulate January loses but cannot finalize their opinion or approve the change in service standards.

  19. When Miss Switzerland Ruth Goldway gets back from the the ALPs she could help us by selling some of her Swedish meatballs in her cute little GOLDDIGGER Swedish skirt.

  20. Do NOT get rid of Saturday delivery, and replace management with professionals who actually communicate with each other, not stroke each other! All these traitors should be held accountable, especially the PMG!!

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