Media Coverage

June 13, 2011

The U.S. Postal Service lost $2.2 billion in the second quarter of its current fiscal year. Much of the loss — the equivalent of 5 billion 44-cent stamps — results from reluctance to right-size a huge organization and physical network established to support the communications needs of this country in the pre-electronic era.

Although the Postal Board of Governors and USPS management have identified numerous ways to increase revenue and reduce costs, the Postal Service is hampered by its decision to depend on direction from Congress instead of making decisions for itself…