Since 2007, the USPS has reported staggering losses exceeding $100 billion. In the last fiscal year alone, the agency hemorrhaged $9.5 billion—a sharp increase from the $6.5 billion loss reported in 2023, as noted by Reuters. See here.
The agency enjoys every conceivable advantage in the marketplace. It has a monopoly. It owns and controls some of the nation’s most valuable and prestigious real estate–including strategic locations at the heart of America’s urban areas. It pays no employment, income, corporate, or property taxes.
Yet USPS loses billions annually. It pays its “workers” so much that THOUSANDS of people apply for every opening.
Now there is increasing discussion even among political officials regarding privatizing the “Service.”
