The Long Run Blog

Critical Thinking on Money, Finance, and Economics

Some Thoughts on the US Postal Service

Just a few quick thoughts on the troubles at USPS. I suspect you’ll hear a lot more about this in the next few days/weeks provided that Europe doesn’t fall apart first. If Europe does have an acute issue, the USPS will be reported about on page 37, not the first page of any media.

As everyone knows, email is killing the Postal Service. Not just email, but electronic bill delivery and electronic banking. Google Ads have supplanted an awful lot of direct mail aka “junk mail”. There is no evil here, just “progress”. Times are a-changin’. Regular mail is slowly going the way of the buggy whip. The volume of mail delivered (measured in pieces of mail) is down some 16% in just two years, revenue is down 11% and headcount down 12%. Continue reading

September 7, 2011 Posted by | Corporate Finance | , | Leave a comment

   

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