USPS Stuck with Unwanted Stamps

Flickr

Flickr

BY:

The U.S. Postal Office is stuck with 682 million unsold Simpsons stamps after printing 1 billion new stamps featuring the cartoon family this year. According to Bloomberg:

As Homer would say, “D’oh!” In a move that wasted $1.2 million in printing costs, the service produced 1 billion of “The Simpsons” stamps and sold 318 million. …

The Postal Service earlier this month said it posted a loss of $5.2 billion in its third quarter and may lose $15 billion in the year ending Sept. 30. It has asked for Congress’s help in cutting costs byeliminating a requirement to pre-pay for future retirees’ health care and letting it stop Saturday mail delivery.

The service could save $2 million annually by ending overproduction of stamps that, like the Simpsons run, end up being destroyed when they don’t sell, the inspector general said.

THE MORNING BEACON DAILY NEWSLETTER
MAKES IT EASIER TO STAY INFORMED
Get the news that matters most to you, delivered straight to your inbox daily.

Register today!