Washington DC - February 11, 2020 - The following is a statement from Package Coalition Chairman, Secretary John McHugh, in response to the USPS First Quarter 2020 Fiscal Report:
The latest Fiscal Report from the U.S. Postal Service encompassing revenues from October 1, 2019 through December 31, 2019, once again shows that the package delivery service is a financial winner for the Postal Service. Package deliveries continued to report strong earnings for the agency, with revenue increasing by $146 million, or 2.3 percent, compared to the same quarter last year despite six fewer shopping days.
Strong package volumes have continued to generate increased and much-needed revenue for the Postal Service. This multimillion-dollar growth in revenue is the result of the Postal Service’s unmatched capacity to deliver packages to over 157 million American doorsteps. Postal package delivery is especially crucial for small businesses and consumers in remote and rural areas in their ability to connect with others nationwide.
Reliable and affordable postal package delivery services are a critical asset to American businesses and consumers across the country. The Package Coalition will continue to work with Congress and other policymakers to support and sustain reliable, affordable postal package delivery services.