Private courier companies and carriers like UPS and Fedex are having one of their best financial years ever due to increased demand for their services during the lockdowns. The United States Postal Service, on the other hand, was last profitable almost two decades ago and continues to struggle every single year.

 

Since 2006, the USPS has been failing and drowning in debt, losing up to $9 billion a year.

 

The world has changed tremendously since then and we don’t require postal services the way we did before email and online services. The USPS has lost its most lucrative income stream, so it’s almost impossible to cover the costs of keeping it running.

 

But that doesn’t mean there isn’t a way to put at least some of the 35,000 post offices in the US to use, but that isn’t happening.

 

The fact that the postal service is a government-structured and controlled machine is the real problem, and one we need to remedy. What are some of the reasons the postal service is in such a state of breakdown? In this episode, you’ll learn about the problems with the USPS, and some of the suggested solutions.