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Tuesday, May 13, 2014

Why is the Postal Service downplaying an operating profit since October 2012?

USPS Reports $1 Billion Operating Profit in First Half of Fiscal Year

So Why is Postal Management Cutting Service?

"...The positive balance sheet continues the steady progress in the finances of the Postal Service, which has been operating at a profit since October 2012. A dramatic increase in online shopping has sparked an explosion in package volume and revenue, while a gradually rebounding economy has stabilized letter revenue.

“All of this good news exposes an ugly truth,” said APWU President Mark Dimondstein. “Postal management’s zeal for cutting service and outsourcing operations in a thinly-veiled attempt at piecemeal privatization.”..."    


This Article is From: www.apwu.org
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