Friday, May 10, 2013

Poor Choice of Words

The U.S. Postal Service announced that it lost $1.9 billion in the second quarter. The Postmaster General has been trying to make cuts to save money. Parcel delivery grew 9.3% in the second quarter compared to last year, though, and some think that aspect of the business could be the key to future profitability:
"Instead of the postmaster general's 'shrink to survive' strategy -- which will only begin a death spiral for the USPS -- what is needed is a dynamic business plan for the future to take advantage of the many opportunities for growth, including in the exploding package delivery market," Fredric Rolando, the union's president, said in a statement.
Wait a second... did Rolando say "exploding package delivery"? Boom!

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