Postal Service’s backdoor bailout

"... What we do know is revenues on packages climbed $3.9 billion this year over last thanks to the pandemic-induced online shopping. But the Postal Service still lost $6.9 billion and expects to lose $160 billion over the next decade. It faces still more spending, for new trucks, mail-handling centers and equipment, and new employees, to accommodate its emphasis on packages. Volume on first-class mail, the Postal Service’s most profitable product, has declined by about half since 2006. But rather than downsize to reflect this, the Postal Service has decided to..."   
Source: www.washingtonexaminer.com

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