(AP) Facing dire financial conditions, postal officials are turning to Congress for help.
Postmaster General John Potter and other top agency officials were facing the House Oversight subcommittee on the federal workforce and post office Wednesday.
The post office was $2.8 billion in the red last year and is facing even larger losses this year due to the sharp decline in mail volume in the weak economy.
Post Office Desperate For Financial Help - CBS News
NEW YORK (FORTUNE Magazine) - It's easy to feel a bit sorry for any company's chief information officer these days. The pace of technology is accelerating, and costs seem to be going up just as fast.
But for Rob Carter, the CIO of FedEx, the job may seem even more daunting. He's responsible for all the computer and communication systems that keep this staggeringly complex outfit running. He has to connect 39 hubs around the world with 677 airplanes, over 90,000 vehicles, and more than 200,000 employees delivering six million packages a day in 220 countries
FORTUNE: C-Suite: The FedEx edge - Mar. 20, 2006
There are a lot of things the private sector can do better and cheaper than the Federal Govt. sealy , transportation, mail delivery, healthcare, the fact is Govt. should not be in business at all, it should be there to regulate and defend and represent. The problem is these departments like the USPS and AMtrack become little cash cows for Senators and Congressmen as well as job shops and are nothing but money losers at yours and my expense. Think about it a moment, the tax dollars that go to fund these losers could be better spent in the marketplace promoting competetion and leading to more jobs and less lay-offs such as in MI. in the private sector because they are in business to meet those demands? When you have a sole source, like the Govt. you only need soo much in the way of suppliers and those that are not picked go out of business because they have no one else to market too. Understand?