Bailing the Mail - State Journal Despite more than $2 billion in cost-cutting measures, the USPS reported a year-end loss of $2.8 billion for fiscal year 2008. The hemorrhaging of money has national officials taking a closer look at how the postal service runs, and has some questioning whether all of the post offices in the state will continue to operate as they always have. The U.S. Postal Service has an infrastructure that Postmaster General John Potter said the organization cannot afford. The USPS is looking at ways to deal with rising costs, increased competition and less mail volume as social and technical trends have changed the way people communicate.