tag:blogger.com,1999:blog-1703955516012155917.post3172023070060056808..comments2022-10-24T02:59:20.447-07:00Comments on Unfashionably Economic: Why won't the U.S.P.S. just go out of business? Oh wait, they're not allowed to.Anonymoushttp://www.blogger.com/profile/07640649155816339741noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1703955516012155917.post-27734649512155741172010-08-23T14:56:26.488-07:002010-08-23T14:56:26.488-07:00You're totally right on the FedBen issue. I di...You're totally right on the FedBen issue. I didn't want to tackle that right off. I didn't know the USPS contracted out to private companies. It makes their inefficiency even less understandable. It's impressive that FedEx and UPS are blowing them out of the water, in spite of all the tax benefits and government funding sunk into the Postal Service.Anonymoushttps://www.blogger.com/profile/07640649155816339741noreply@blogger.comtag:blogger.com,1999:blog-1703955516012155917.post-12124502317517038462010-08-07T20:20:56.273-07:002010-08-07T20:20:56.273-07:00Once again, the culprit is the public unions. I d...Once again, the culprit is the public unions. I don't know if the USPS guys are even union, but they participate in the FedBen programs. Approx. 80% of USPS' costs (and by extension, the public's costs) are spent on wages and benefits. The actual shipping (i.e. flying our letters to Santa in the big plane) is contracted out to private companies.<br /><br />This is how they manage to post a $3.5B quarterly loss. And keep trucking along. FedEx and UPS, meanwhile, continue to look strong.Unknownhttps://www.blogger.com/profile/16528606688213541664noreply@blogger.com