Facing insolvency, can the USPS reinvent itself like European services have—or will it implode?
This trend has led to financial troubles for the USPS, which relies heavily on first-class mail delivery for revenue.
“If we were a private sector company, we would have already declared bankruptcy,” says USPS press spokeswoman Susan McGowan.
The USPS team once forced Landis to fly to Europe within 24-hours of a hip surgery.
Armstrong was the de facto leader of the USPS cycling team, and he was often tyrannical and abusive.
On Friday, the USPS reported (PDF) that it lost $740 million in its fiscal third quarter.
Without reform, America faces the very real possibility that the USPS will not be able to make its payroll in the summer of 2012.
USPS in 2012 delivered about 30 percent less mail in 2012 than it did in 2002.
This is a scenario that the USPS leadership seems determined to avoid.
Meanwhile, a look inside the numbers suggests USPS is actually doing a better job aligning its revenues with its spending.