News from Today’s hearing on the USPS by the House Committee on oversight and reform

Full Committee: The Financial Condition of the Postal Service | House Committee on Oversight and Reform

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 –

How to solve the USPS financial ‘death spiral’

Congress to Postmaster General: Provide a Turnaround Plan by July – Lexington Institute


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