From Fredric Rolando, president of the National Association of Letter Carriers:
The Postal Service financial turnaround is continuing into its third year of operating profitability, never more evident than in this quarter with its $1.1 billion operating profit and the increase to $7 billion in available cash. The CFO called it “a fantastic quarter.”
This is great news for Americans throughout the country and for the millions of businesses that rely on a strong Postal Service.
The continuing rise in both letter and package revenue—and now even in overall mail volume—is leading to growing revenue. This is a time to strengthen—not degrade—the now-profitable networks. We hope to work with lawmakers on both sides of the aisle, with the administration and with the new postmaster general to build on the progress achieved in the last Congress, within the mailing industry and among major stakeholders on consensus postal reform that promotes a strong and vibrant Postal Service.
The Postal Service, which is based in the Constitution, provides Americans with the world’s most affordable delivery network without taxpayer money and long has been the most trusted government agency. There is no reason for it to be a partisan issue.
Even with poor leadership the work still gets done.
Good! Share the wealth and bring out the EARLY OUT! REFORM……..I am so ready!
The NALC numbers are a more accurate view of the financial status of the USPS. The pre-funding requirement, which hasn’t been paid in years, distorts the “real” numbers! The USPS wants the public to think that the financial status is bleak so they can continue to dismantle the structure of the system!