Normally the end of year holiday mailing rush generates the most revenue for the USPS, but not in 2011.   Postal officials revealed that people in the U.S. cut back so much, because of bad economic times, that it even affected the shipping of holiday packages.

The huge drop in mailings cut expected revenues for the USPS by $3.3 billion! Postmaster General Patrick Donahoe, said the unexpected loss of revenue will mean that the USPS will run out of cash sooner.  He expects the postal service to be broke by October 2012. 

This news comes after the USPS won an international competition for most efficient postal service.  Each U.S. letter carrier handles more than 200,000 letters per year.  That’s about double what letter carriers from the second place winner, Japan, handle!  The study was done by United Kingdom’s Oxford Strategic Consulting, and released at the beginning of February 2012.

The loss in revenue could affect the planned closings of post offices and distribution centers.  Earlier, in December, postal officials decided to delay such action until May 2012.  But who knows what will happen, now?

By the way, don’t think closing down the USPS is going to save taxpayers money, it wont. The Postal Service operates on money that comes from you and me buying postal products, not taxes!

In fact the U.S. Congress is stealing money from the non-taxpayer funded Postal Service (just like taxpayer funded Social Security and Medicare): “The Postal Service actually has somewhere between $50 billion and $125 billion in their other funds that is not taxpayer money. They haven’t used a dime of taxpayer money in over 30 years! And the Congress just needs to act responsibly and quickly to give them access to that — those funds.”- Fredric Rolando, president of the National Association of Letter Carriers, during PBS interview on September 6, 2011