Quoted from OldHarley:The two billion loss is because the government thought the post office ought to PRE fund the retirement accounts. This is where most of the loss is occurring. Once that gets changed the post office is pretty close to even. They are doing some stupid changes with the way they sort mail. They are closing most small sorting centers and sending the mail to a major sorting center. So your letter could travel 200 miles to the sorting center and 200 miles back to your town to be delivered next door. They will start closing the small sorting center post offices in January of 2015. I have several postal contracts and were not sure how the changes will effect us.
Yup, correct. Our local sort may be closing