By John Lillpop ——Bio and Archives--November 13, 2010
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NEW YORK (CNNMoney.com) -- The U.S. Postal Service more than doubled its losses in fiscal year 2010, despite cutting billions of dollars in expenses and trimming its staff. The Postal Service said its net loss totaled $8.5 billion in the fiscal year that ended Sept. 30. That compares to a loss of $3.8 billion the prior year Chief Financial Officer Joe Corbett said the losses were worsening despite cuts that generated cost savings of $9 billion over the past two years. Those savings came primarily from the elimination of 105,000 full-time positions -- "more than any other organization, anywhere," Corbett said. As more communications go electronic, mail volume keeps dropping. The Postal Service delivered 170.6 billion pieces in its 2010 fiscal year, compared to 176.7 billion pieces the prior year. That decline cost the service around $1 billion in lost revenue. "We will continue our relentless efforts to innovate and improve efficiency," Corbett said. "However, the need for changes to legislation, regulations and labor contracts has never been more obvious."Having destroyed the U.S. automobile industry, Big Labor is once again working against the best interests of the working members it is supposed to serve. Perhaps Labor Unions should be held accountable under anti-trust law?
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John W. Lillpop is a recovering liberal. “Clean and sober” since 1992 when last he voted for a Democrat. For years, John lived in the San Francisco Bay Area, the very liberal sanctuary city which protects, rather than prosecutes, certain favored criminals. John escaped the Bay Area in May and now lives in Pine Grove California where conservative values are still in vogue.