Originally posted by: DougK62
It's a government run business - that's all that needs to be said. USPS loses money like crazy and always will.
Try again.
Actually the US mail has made a money, at leats during the Clinton years.
12/2000
Under federal law, only the Postal Service can handle or charge postage for handling letters. Despite this virtual monopoly worth some $45 billion a year, the law does not require that the Postal Service make a profit -- only break even. Still, the US Postal Service has averaged a profit of over $1 billion per year in each of the last five years. Yet, Postal Service officials argue that they must continue to raise postage at regular intervals in order make up for the increased use of email.
USPS -- One Big and Busy Outfit
Today, the U.S. Postal Service:
Delivered mail to 134 million delivery addresses, including 20 million post office boxes. About 1 million new addresses are added each year.
Carried more mail to more people over a larger geographic area than any other country
Served 7 million customers daily at one of 38,000 postal retail outlets
Employed 750,000 career mail carriers, including 235,985 veterans and 47,937 employees with disabilities
Leased more than 27,000 facilities at a cost of $727 million a year, providing tax revenue to thousands of communities
Paid $1.6 billion in employee salaries and benefits every two weeks