Good news: The U.S. Postal Service lost only $1.3 billion in the fourth quarter of 2012. Yes, $1.3 billion. And yes, it is good news because it represented a major improvement over the fourth quarter of 2011, when they lost $3.3 billion.
It’s easy to understand why the beleaguered institution recently announced it will soon discontinue Saturday mail delivery. While reactions are mixed, emphasizing generational differences, for many of us, the Postal Service faded to a place of limited relevance a long time ago.