Originally published on Mon November 29, 2010 7:55 am
Even before Americans had a country, they had a post office. Since its creation in 1775, the post office has been delivering mail and helping knit together a sprawling nation.
But today, the U.S. Postal Service is struggling as its customers migrate to the digital world. Americans are texting, e-mailing, faxing and networking instead of mailing each other paper greetings and documents. As a result, the USPS is seeing its business model crumble. Earlier this month, it reported an $8.5 billion loss in the fiscal year that ended in September.