Tax day is traditionally a frenetic day for the U.S. Postal Service. But with over 80 percent of taxpayers filing online, April 17 became just another day in which the USPS’s chronic problems were on display, with fewer post offices extending their hours to accommodate later filers.
Thanks to the Web, the economic downturn, and some stringent budgetary requirements, the U.S. Postal Service has been on a fast track toward financial insolvency for some time. Last year the USPS was in the red by about $5 billion. This year the service has continued to bleed money: In the first quarter, expenses surpassed revenues by $3 billion.
So can the Postal Service be saved?
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