For 11 years, the U.S. Postal Service has had large and sustained losses. There is no end to the red ink in sight. In fact, the Postal Service has been calling for a taxpayer bailout, which could run to $50 billion or more. Recently, it cleared a key hurdle to raise many postage prices 2-3% above the rate of inflation for the next five years. What the Postal Service needs first and foremost though is a turnaround plan to get its business on track. I write about these matters for InsideSources at the Op-Ed here.
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