The end of the Postal Service? Neither snow nor rain nor heat are supposed to keep mail carriers from doing their duty, but the current crisis facing the postal service is a bit more of a man-made problem.
The U.S. Postal Service lost a mind-boggling $15.9 billion last year, and currently loses $25 million every day. Employee numbers have been cut down, facilities have been consolidated and delivery standards have been lowered - but the organization is still hemorrhaging cash.
It may be run as a corporation, but the Postal Service still faces congressional oversight, which has hampered its reform efforts.

Postal officials recently tried to end Saturday letter delivery, which could have saved $2 billion per year, but Congress blocked it. A legislative proposal to replace doorstep delivery with curbside delivery, which would save $4.5 billion, failed last year. A plan to close thousands of rural post offices was abandoned after postal officials deemed the closures would “upset Congress a great deal.”

And then there’s the 2006 Postal Accountability and Enhancement Act, which mandated that the Postal Service pre-fund the health benefits of future retirees 50 years into the future. The yearly cost of that measure? About $5.6 billion.
Read more to learn about some measures in the works to save the 238-year-old service before it collapses in financial ruin.
Photo: Justin Lane / EPA

The end of the Postal Service?

Neither snow nor rain nor heat are supposed to keep mail carriers from doing their duty, but the current crisis facing the postal service is a bit more of a man-made problem.

The U.S. Postal Service lost a mind-boggling $15.9 billion last year, and currently loses $25 million every day. Employee numbers have been cut down, facilities have been consolidated and delivery standards have been lowered - but the organization is still hemorrhaging cash.

It may be run as a corporation, but the Postal Service still faces congressional oversight, which has hampered its reform efforts.

Postal officials recently tried to end Saturday letter delivery, which could have saved $2 billion per year, but Congress blocked it. A legislative proposal to replace doorstep delivery with curbside delivery, which would save $4.5 billion, failed last year. A plan to close thousands of rural post offices was abandoned after postal officials deemed the closures would “upset Congress a great deal.”

And then there’s the 2006 Postal Accountability and Enhancement Act, which mandated that the Postal Service pre-fund the health benefits of future retirees 50 years into the future. The yearly cost of that measure? About $5.6 billion.

Read more to learn about some measures in the works to save the 238-year-old service before it collapses in financial ruin.

Photo: Justin Lane / EPA

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    The USPS doesn’t need to make money to be valuable.And it’s not really run as a corporation if it can’t cut costs...
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