Lars Larson: Does Canada have answer for Post Office problems?

by Lars Larson

America’s postal system is in trouble. But now Canada may have found the answer.

America’s postal service is in trouble. It’s on track to lose billions of dollars every year, and the U.S. Postal Service doesn’t seem to be able to stop that slide to the bottom. I’ve suggested that the whole thing should be put up on the auction block, and sold off to somebody who can run it – either profitably or preferably without a multi-billion dollar loss.

Well now Canada has announced that it will phase out home delivery of mail in urban centers in the next five years.

They say that will save at least a half a billion dollars a year. I understand – they’re a smaller country than ours – they also plan to eliminate six to eight thousand jobs in the next five years, and do most of it through attrition.

America should pay attention. Even though the U.S. Postal Service is technically independent, taxpayers are still on the hook if they run up a big tab and they can’t pay the bill.

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