Washington, D.C. - The following is a statement from Package CoalitionChairman, Secretary John McHugh:
“The Package Coalition thanks and commends Senator Collins and Feinstein, as well as co-sponsoring Senators Daines, Tester, and Jones for introducing the Postal Service Emergency Assistance Actto provide the Postal Service with up to $25 Billion in emergency appropriations to cover COVID-19 induced losses. Emergency assistance is vital because the economic fallout of COVID-19 has caused letter mail volumes to plummet. While the Postal Service’s competitive package delivery business continues to be a bright spot it has not eliminated the financial impact of the COVID-19 crisis. The Postal Service will certify that the emergency funds will be used to cover additional costs of protecting postal workers and the public and for revenue losses resulting from the pandemic. The legislation also clarifies that the Treasury Department may not impose pricing or policy conditions on the CARES Act borrowing authority that would harm the Postal Service by forcing it to raise package prices above competitive levels. Finally the legislation directs the new Postmaster General and the Board of Governors to develop a plan to reform the Postal Service to ensure its long term viability within 270 days and provide an interim report to Congress within 180 days."
About The Package Coalition
The Package Coalition is an alliance of America’s top retail, e-commerce and logistics companies committed to preserving reliable and affordable postal package delivery services. The Postal Service delivers packages directly to the doorstep of more than 157 million delivery addresses across the country, contributing trillions of dollars to the US economy and supporting millions of jobs and small and medium sized businesses. For more information on The Package Coalition, visit www.packagecoalition.organd follow us on Twitter @PkgCoalition.
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