Congress should be productive in the effort to reform the U.S. Postal Service (USPS) after providing billions in aid over the past year. There are obvious structural problems at the Postal Service that can only be addressed by Congress. Postmaster General Louis DeJoy is asking for Congress to help him reform an institution that lost $10 billon last year with more losses expected in the future.
The U.S. Postal Service (USPS) is experiencing a slow death according to its Chairman of the Board. The Wall Street Journal reported on April 26, 2021, that “since 2006 total mail volume is down 39%. There’s less mail than in 1984. Yet the number of delivery points rises by more than a million a year. Put differently, the USPS says in 2006 there were 5.6 daily pieces of mail per delivery point. Last year: three. By 2030 the estimate is 1.7.” According to reports and documents made public by the USPS, losses since 2007 equal about $87 billion and the next decade projects about $160 billion in losses. The current business model for the Postal Service is unsustainable.
Read Full Article »