The USPS has partly offset declining mail revenues with growth in package revenues. But the company’s finances look pretty bleak overall.
The data in the table reflects that:
- Mail demand is falling and package demand is rising. The problem is that mail is more profitable and accounts for most of USPS revenues.
- USPS management has cut costs where it can, such as by reducing the worker count. But Congress resists other cost savings such as closing post offices, even though the number of retail customers is falling.