Stuff You Should Know SYSK Selects: How the U.S. Postal Service Works
Apr 25, 2020
Explore the fascinating evolution and current struggles of the U.S. Postal Service, from financial hurdles to the legendary Pony Express. Uncover the essential roles postal workers play in delivering mail and connecting communities. Delve into the intricate processes of mail delivery and the importance of proper addressing. Laugh along with anecdotes about faithful postal carriers while reflecting on how the USPS adapts to today's digital demands. This journey through history reveals the remarkable grit and resilience of America’s postal system.
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USPS Losses
- The USPS lost $16 billion in 2012, but $11 billion was for pre-funding future retiree benefits.
- This pre-funding mandate makes their losses appear larger than other agencies.
USPS Funding
- The USPS gets no tax revenue, operating like a corporation under federal government oversight.
- They face a unique challenge balancing their public service mission with financial sustainability.
Mail Volume Trends
- Mail volume peaked in 2006, handling 213 billion pieces.
- By 2011, first-class mail declined, while package revenue increased.