WATCH NOW Chairman @RepCummings opening statement from our hearing on the financial condition of the #USPS! pic.twitter.com/oJ9nSb9oag
— Oversight Committee (@OversightDems) April 30, 2019
PMG Brennan testifies before lawmakers
Postal legislative and regulatory reform is urgently needed to restore USPS to financial stability, Postmaster General Megan J. Brennan told congressional leaders April 30.
Since 2007, the Postal Service’s total mail volume has declined by 31 percent. The organization has streamlined its operations, restructured its network, improved productivity and made other changes, but it isn’t enough to offset the continuing decline in mail usage.
“As our country grows by more than 1 million new delivery points each year, the cost of our network continues to increase,” Brennan said.
“We are delivering less mail to more addresses — which means there is less revenue to pay for mandated costs. And although we have grown our package business, that rate of growth has slowed due to increased competition.” Read more
Postal Service will run out of cash by 2024 without congressional reform | Federal News Network
Latest Effort to Overhaul the Postal Service Hits New Snag – Management – GovExec.com
How to solve the USPS financial ‘death spiral’
Congress to Postmaster General: Provide a Turnaround Plan by July – Lexington Institute