Why USPS Doesn’t Celebrate Rare Net Profit; And a Big Service-cut Plan Dies

After years of singing the blues, postal officials had reason for a praise song.

For the first time in almost five years, they reported a U.S. Postal Service quarterly net profit. The $307 million in net income for the first quarter of fiscal year 2016, which ended Dec. 31, is a $1.1 billion turnaround from the $754 million net loss during the same period a year earlier.

Sounds like cause for celebration. But maybe it’s a matter of don’t let the good news fool you.