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USPS Is Hemorrhaging Billions A Year And It Might Sell Off The Rights To Your Mailbox To Turn A Prof

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USPS Is Hemorrhaging Billions A Year And It Might Sell Off The Rights To Your Mailbox To Turn A Prof

2018-12-05 12:25:39

You may have never thought of it, but there's only one shipping company that can leave deliveries in your mailbox, rather than just on your doorstep — the United States Postal Service. And the USPS is famously not doing so well. It's doing so badly, in fact, that President Donald Trump personally urged the federal agency to up delivery prices on gargantuan e-tailer Amazon. The USPS lost $3.9 billion in FY2018, according to a Dec. 4 report from the Task Force on the USPS. Its cumulative losses are now nearing $70 billion. As the report notes, "the shift toward digital correspondence and the corresponding effect of declining mail volumes has led to significant net losses." Meanwhile, other package delivery companies are cleaning up in the e-commerce era.

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