WEB Notes: What a load of non-sense. How do you receive products in the mail? Through electronic means? Give me a break. UPS seems to be doing okay and in the age of Amazon so should the Postal Service. You know how many businesses use the Postal Service to send packages to customers? All due to eCommerce. So do not give me the digital age took away the letter you sent to Grandma once a year income. It is broke because the government runs it, period.
The US Postal Service has seen record losses as traditional mail is replaced by electronic means. Without enough money to pay for years of employee benefits, the agency is calling for legislation to enable them to raise their prices.
On Thursday, the USPS reported losses of $2.1 billion in the third fiscal quarter of 2017, compared to a $1.6 billion loss in the same quarter last year.
Over the past 10 years, the USPS has incurred a net loss of $63.3 billion and they project future losses without legislative and regulatory changes.