Anti-government ideologues and special interests have long sought to privatize, shrink, or hobble the Postal Service.
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But the conflicting demands made upon it by Congress and regulators put it in a precarious financial position even before the pandemic. It is a model of efficiency and responsive to changing customer needs. Enacting these common-sense reforms will help guarantee that the USPS remains an affordable, reliable, and profitable package delivery system for the American people.What this report finds: The United States Postal Service is a beloved American institution that provides an essential public service to communities and good middle class jobs for workers.
#UNITED STATES POST OFFICE FULL#
With the House Oversight Committee’s swift advancement of the Postal Service Reform Act, we hope the full U.S. We’re proud of our partnership with USPS and want to continue working with the agency to innovate and deliver for our customers well into the future. This legislation works to do just that.ĭoing away with the Postal Service’s 2006 mandate to pre-fund health benefits for retirees and integrating postal employees into the Medicare program will help stabilize USPS’s finances. There has long been bipartisan consensus in Congress to help alleviate the more than $130 billion in unfunded liabilities for retirees and USPS operating losses, which are estimated at over $9 billion annually. The Postal Service Reform Act also includes critical reforms to help get the USPS back on strong financial footing. Codifying USPS’s universal service to ensure it can deliver to every house, almost every day, is just the right step to take to ensure the USPS can remain self-sustaining as a universal delivery provider. The Postal Service’s existing delivery network, with an unparalleled footprint and hundreds of thousands of dedicated postal workers and letter carriers, can easily make this happen. And, with individuals and families increasingly relying on home deliveries for business and personal needs, solidifying the essential services of the USPS couldn’t have come at a better time. Americans across the country have long depended on the USPS for its reliable and affordable delivery options. The legislation would also codify a longstanding Postal Service practice to maintain an integrated delivery network of mail and packages six days per week. The Postal Service Reform Act would implement meaningful policy reforms to help strengthen the USPS’s financial and operational arms, and ensure the agency could continue to provide reliable service to the American people and serve as an excellent delivery and logistics provider. Senate Homeland Security and Governmental Affairs Committee recently introduced bipartisan legislation to help revitalize the USPS and get it back on a sustainable track. Due to burdensome funding mandates and declining letter mail, the Postal Service finds itself in a financially untenable situation: It is projected to lose $160 billion over the next 10 years, according to its own estimates. Experts and impartial regulators have consistently recognized that USPS’s partnerships with companies like Amazon are a bright spot of growth and profitability for the Postal Service, contributing billions in profits annually and helping sustain USPS’s mission to serve every address in the nation.ĭespite these strong partnerships, the USPS is not without challenge.
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In 2020, packages contributed nearly $11 billion in profit for the USPS. It relies on revenue from its services, including package delivery.
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The USPS does not receive direct taxpayer funds. Today, we work closely with the USPS to provide excellent service and to innovate for our customers.
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Starting in 1994, Amazon founder Jeff Bezos would pack books in a garage in Seattle and drive them to his local post office, where he knew he could count on the USPS to deliver them. We think of the United States Postal Service (USPS) as our first and oldest business partner.