The U.S. Postal Service is the largest company in terms of being a government-owned agency, but in recent years, it has been drowning in the red. Today’s the WSJ reports that the it has a $5.2 billion quarterly loss.
The fact is; nothing else better can be done to save and rescue it other than privatizing it and taking it public on NYSE. By doing this, it’s the only viable option to keep it from eventually filing for bankruptcy and completely shut down. Because UPS, DHL, FedEx, and other rapid and express service providers will eventually drive it completely out of business.
So Mr. US Postal Service, do the privatization and list on NYSE!