The postal service is dying a slow death. As they continue to lose market share and first class revenue, which was their ONLY source of positive revenue, they will never be able to dig themselves out of the hole they are in.
Even if the postal service shed the pensions and sent them to the PBGC with court approval, it wouldnt make a bit of difference at all.
Every aspect of the postal service including first class mail is losing money everyday, everyweek, every month, every year.
The only way for them to survive would be to cut wages in HALF, eliminate health coverage, eliminate pensions, lose half the workforce, and reinvest in equiptment.
This will never happen and the Postal Service will not operate as you know it in less than years.
Without congress stepping up and simply voting to give them billions of tax payer dollars ( which they never have recieved before) then they are doomed.
There isnt enough package volume to save them. They are shipping boxes at reduced rates for market share, but this comes at a loss of revenue.
The pennies UPS and FEDEX are throwing them in basic service is like putting a bandaid on severed artery.
TOS.
