Every year, the United States Postal Service takes and delivers 142 billion mailed items. If it needs to go from point A to point B anywhere in the US, the post office can do it. It survived the Civil War, two world wars, the Great Depression, and the upheaval brought by the internet and email.
Competition from UPS and FedEx made the post office innovate on its offerings, like introducing express mail. But since its most lucrative service was first-class mail, the USPS didn't have to worry too much about competing with other companies. In fact, the post office has partnered with both companies in the past, like when it signed a deal in 2000 that contracted its air delivery of first-class, priority, and express mail to FedEx.
The timing for this was not ideal, either. Email, texting, and online payments had begun to chip away at the post office's main business, first-class mail, which had slowly been declining since its 2001 peak. But even that decline wouldn't put the post office in the negative. The rule has created an environment where packages are the post office's only profitable area. By 2010, the post office's overall debt, which was just over $2 billion in 2006, had climbed to $12 billion. It sounded the alarm to Congress multiple times and was also the subject of a 2018 Trump administration report saying the pension obligation should be restructured. But nothing changed.
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