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by kochb
395 days ago
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Either it is able to fully fund itself through sender fees and other operations, or the net losses are ultimately paid for by other government revenues, primarily taxes. I enjoy Christmas cards and personal letters as much as anyone, but with electronic payments and telecommunications taking more of the volume, it is increasingly becoming an advertising service. If it is operating unprofitably, we are paying a form of subscription fee to receive those ads. |
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Right now I have about a 1% lost/damaged package rate (averaged over 12 months - it's a tiny amount and it is insured), but come Christmas, that shoots up to around a 10% lost/damaged package rate through USPS - some of those packages do eventually resurface, and I let the customers keep them (I've already filed the insurance claim and shipped a replacement).
UPS was at 5% on average - never used them around Christmas - so no data for that - they might be better than USPS and the were close enough in cost just further away from my workshop.
FedEx (only used for 2 weeks) cost double and 30% of my packages were lost or damaged - can't average it out since there isn't enough data, but having to file claims for 1 in 3 packages after already paying 2x USPS rates wasn't going to fly.