Proposal would let Postal Service sell access to your mailbox - Marketwatch
Looking for ways to raise Postal Service revenue, the Trump administration has proposed a fundamental change to your mailbox: selling access to it to private companies.
The Postal Service could capitalize on a “highly valuable” asset by selling mailbox access to companies such as FedEx Corp. and United Parcel Service Inc. , the administration said in a report last week.
The Postal Service has been losing money for years as letter volume has declined and it has struggled with requirements that it fund retirement benefits decades in advance. It reported a net loss of $3.9 billion in the fiscal year ended Sept. 30.
Looking for ways to raise Postal Service revenue, the Trump administration has proposed a fundamental change to your mailbox: selling access to it to private companies.
The Postal Service could capitalize on a “highly valuable” asset by selling mailbox access to companies such as FedEx Corp. and United Parcel Service Inc. , the administration said in a report last week.
The Postal Service has been losing money for years as letter volume has declined and it has struggled with requirements that it fund retirement benefits decades in advance. It reported a net loss of $3.9 billion in the fiscal year ended Sept. 30.
