All Commentary
Wednesday, May 11, 2011

Post Office on Track to Lose $7 Billion this Year


“The U.S. Postal Service reported $2.2 billion in losses during its second quarter, continuing several quarters of historic losses amid declining mail volume and financial obligations to prefund worker retirement benefits. Postal officials said Tuesday that the mail agency is still on course to lose about $7 billion when its fiscal year ends in September.” (Washington Post)

Monopoly power.

FEE Timely Classic
“First-Class Mail, Third-Class Competition” by Robert A. Collinge and Ronald M. Ayers