OT- USPS Shipping Increase Impact on Online Sellers

[SAllen2556]

From their own website: The Postal Service reported that operating revenue increased $569 million in fiscal year 2014. Offsetting this positive news, however, were legislative burdens and constraints that contributed to a $5.5 billion net loss in 2014. This eighth consecutive annual net loss underscores the need for comprehensive legislation to repair the Postal Service’s broken business model.
The net loss includes $5.7 billion for the prefunding requirement of the Postal Service Retiree Health Benefit Fund and an additional $1.2 billion in non-cash workers’ compensation expense, consisting of $485 million related to changes in interest rates and $697 million of other non-cash workers’ compensation expense. These items are outside of management’s control.

Seems like a golden opportunity for some company! I'm kind of getting tired of subsidizing the good old Post Office.

[buymycards]

Scott, you are not subsidizing the Post Office. The Post Office has not taken a nickel of tax money since the early 1970's.