2026-03-19 18:58 UTC
Dead letters: US Postal Service will run out of cash in less than a year
Losses are $9.5B in FY2024 and $9B in FY2025, with Q1 FY2026 already looking like s $1.3B loss, this year could be even worse 📉📬 Here is one nice thing... Ground Advantage revenue up 26.9%.
https://blog.adafruit.com/2026/03/19/dead-letters-us-postal-service-will-run-out-of-cash-in-less-than-a-year/
Replies (3)
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@wooramel@furries.club 2026-03-19 19:01
@adafruit The postal service is a service. Like the armed services it shouldn't be expected to be profitable because it provides a necessary function for people who want an effective way to move small stuff around. Having said that I guess America also expects is armed service to return a profit by stealing resources from countries it invades. Yeah, okay. Point taken.
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@lambtor@cyberplace.social 2026-03-19 19:43
@adafruit how much are they spending on commercials? 'cause those haven't helped them very much.
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@woozle@toot.cat 2026-03-19 19:44
@adafruit I'd like to see those numbers with the ridiculous retirement-funding requirement subtracted out; I bet it's still quite profitable in real-world terms.