I wonder what else has to occur before the USPS is considered a business model that simply doesn’t work.
Thanks to the Web, the economic downturn, and some stringent budgetary requirements, the U.S. Postal Service has been on a fast track toward financial insolvency for some time. Last year the USPS was in the red by about $5 billion. This year the service has continued to bleed money: In the first quarter, expenses surpassed revenues by $3 billion.
