Re:How Much Will the Post Office Put Up With?
by muhfuhkuh on Friday August 07, 2009 @09:11PM
(#748819)
Yeah, but only recently. Up until about the mid 00s, they've been running a healthy profit of about a billion a year. But, since it's supposed to be run revenue neutral (i.e., no profit) it gets absorbed back into the general fed budget.
Now that it's losing money, they have to cut back. No federal bailouts for a semi-federated body. Funny how that works.
Re:How Much Will the Post Office Put Up With?
by rjurney on Saturday August 08, 2009 @02:12AM
(#749037)
Thanks, was gonna say... they were profitable for a long time. I always find the USPS to be great, better than UPS many times... but not so much Fedex.
Now that it's losing money, they have to cut back. No federal bailouts for a semi-federated body. Funny how that works.