Have you seen this story yet? The U.S. Postal Service looks to be in serious trouble.
According to the U.S.P.S. website, the Postal Service ended its 2011 fiscal year (Oct. 1, 2010 – Sept. 30, 2011) with a net loss of $5.1 billion.
A big part of the problem is that people aren't mailing letters and other First Class mail:
According to the U.S.P.S. website, the Postal Service ended its 2011 fiscal year (Oct. 1, 2010 – Sept. 30, 2011) with a net loss of $5.1 billion.
A big part of the problem is that people aren't mailing letters and other First Class mail:
Total 2011 mail volume declined by 3 billion pieces, or 1.7 percent, from 2010. The Postal Service’s largest and most profitable product, First-Class Mail, continued its year-over-year decline, from $34.2 billion in 2010 to $32.2 billion in 2011 (5.8 percent), which dwarfed continued growth in its more competitive products, packages and Standard Mail.There's a news release on the website, if you want to read all the details here.





