The Postal Service is seeing an increase in revenue and mail pieces delivered after years of declining numbers. Postmaster General David Steiner told the USPS Board of Governors on Tuesday that amid increasing transportation costs and rising inflation the agency managed to keep controllable costs down as the agency rounds off the first month of fiscal 2027. Despite the positive outlook, Steiner doubled down on his previous call for congressional action regarding the agency’s long-term funding problem.
“The Postal Service is moving in the right direction and demonstrating the promise and potential of America’s oldest government agency. But as I’ve been saying in many venues, the Postal Service cannot be financially strong in the long term without fundamental changes to our legislatively dictated business model,” said Steiner. “We require congressional attention and we require action fast, as the uncontrollable costs of our retirement plans continue to create an untenable situation for our employees.”
Board of Governors Chairwoman Amber McReynolds also called on lawmakers to address both short-term and long-term funding solutions. McReynolds said at the meeting that allowing the agency to adopt private sector best practices for workers’ compensation claims could help address some of the financial tension. She added that Congress should increase the agency’s $15 billion borrowing limit from the Treasury Department, which has not changed since 1991.
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