business news in context, analysis with attitude

• The Wall Street Journal reports that "the US Postal Service said it delivered roughly 524 million packages during December, an increase of 18% from a year earlier, exceeding its expectations," which had been that it would deliver 450-470 million packages during the period.

The story says that "the USPS’s package business has been a bright spot, with more than 20% growth over the past five years. But the agency is still in financial trouble, thanks in large part to a mandatory prefunding requirement for retiree benefits that cost it about $5.5 billion annually and has triggered chronic losses."
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