The U.S. Postal Service estimates $238 billion in losses in the next 10 years if lawmakers, postal regulators and unions don't give the mail agency more flexibility in setting delivery schedules, price increases and labor costs.
Estimates released Tuesday also predict that letter carriers will deliver just 150 billion pieces of mail in 2020, a drop of about 26 billion pieces from 2009. Customers will continue to migrate to the Internet and to cheaper standard-mail options, and away from the Postal Service's signature product, first-class mail, Postmaster General John E. Potter reported Tuesday to a Washington meeting of congressional staffers, government watchdogs, postal union officials and major postal customers. Mounting labor costs are also complicating the agency's path to firm fiscal footing.
The Washington Post
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