Businessweek: Look for Postal Service bailout next year

Share this article:

Government bailouts have proven unpopular with the general public. However, Bloomberg Businessweek is warning that the US Postal Service might be the next organization that needs one.

The business news website explains that because the USPS can't make decisions about its own financial future in the same way that a private business can, it's more likely to fall further into financial peril.

“Any management consultant would recommend the obvious: Close unnecessary offices, lay off workers, expand into new lines of business and raise prices,” notes Businessweek's Angela Greiling Keane. “But this is the US Postal Service. It's expected to show a profit without a government subsidy, yet Congress, powerful labor unions and its own regulators are preventing it from making hard-nosed business decisions. The result could be a painful restructuring or a government bailout before the fiscal year ends next September 30.”

Share this article:
You must be a registered member of Direct Marketing News to post a comment.

Sign up to our newsletters

Latest Jobs:


Company of the Week


As the leading source for direct marketing youth data, ASL Marketing connects your brand to consumers with extensive and unparalleled industry expertise in data content, aggregation and analytics of the youth, young adult and student demographics. We provide access to the most comprehensive, response driven youth database available - over 175 million active high school, college and young adult consumers and their parents. We offer custom solutions devised to meet your specific target and goal. Our data customization allows you to pinpoint your audience by selecting by age, ethnicity, grad year, etc... Our clients range across all industries including Financial Services, Technology, Health & Beauty, Retail, Educational Services, Recruitment, and more.

Featured Listings

ASL Marketing

ASL Marketing

As the leading source for direct marketing youth data, ASL Marketing connects your ...