“Can They Deliver?”
According to its own statistics, the United States Postal Service (USPS) ended 2011 with a net loss of $5.1 billion. By the end of its second quarter in 2012, it had already lost $3.2 billion net, compared to $2.2 billion net for the same period a year prior. In that same six-month span, operating expenses went up $938 million and total mail volume dropped down 1.7 billion pieces. Year-to-date for 2012, losses already are at $6.5 billion, which is $1.4 billion more than all of 2011, and there's still a whole two quarters left in the year.