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U.S. Postal Service

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U.S. Postal Service Hopes Junk Mail Will Boost Revenue

via Ron Nixon, The New York Times Customers might complain about the flood of unsolicited credit card applications, supermarket fliers and shopping catalogs in their mail, but the Postal Service is hoping to deliver even more. Faced with multibillion-dollar losses and significant declines in first-class mail, the post office is cutting deals with businesses and … Continue reading

What The Default Really Means For The U.S. Postal Service

via Devin Leonard, Businessweek The U.S. Postal Service essentially went broke yesterday. It skipped a $5.5 billion payment to the U.S. Treasury for future retiree health-care payments and said it would do the same early next month when another $5.6 billion is due. This comes as no surprise. The USPS has been losing $25 million … Continue reading

U.S. Postal Service Will Likely Default

via Sean Reilly, Federal Times, USA Today The cash-strapped U.S. Postal Service is within weeks of defaulting on a legally required $5.5 billion payment into a health benefits fund for future retirees. So far, it appears House leaders have no intention of preventing that from happening — they have postponed any action on relief measures … Continue reading

Are Jobs Obsolete?

The U.S. Postal Service appears to be the latest casualty in digital technology’s slow but steady replacement of working humans. Unless an external source of funding comes in, the post office will have to scale back its operations drastically, or simply shut down altogether. That’s 600,000 people who would be out of work, and another … Continue reading

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