USPS: $14B Loss or a $2B Profit?

USPS's Options: a $14B Annual Loss or a $2B Annual Profit: U.S. Postal Service (USPS) CFO and EVP Joseph Corbett laid out the harrowing financial stakes the agency faces now and in the coming years during the “Financial Update” panel at the National Postal Forum (NPF) in San Francisco. Essentially, he said, if the USPS is given by Congress the autonomy it needs to adapt its five-year financial plan in full, the agency will make a “modest profit” of $2 billion per year over the next five years, paying its debt down by 2017. If the status quo remains, the USPS will lose $14 billion per year over the next five years.