Washington DC - January 14, 2020 - Following the release of the U.S. Postal Service FY 2019 Annual Compliance Report, Package Coalition spokesperson John M. McHugh issued the below statement:
“On the heels of a record-breaking holiday shipping season, the U.S. Postal Service’s package delivery business continues to be a bright spot for USPS’s finances. The USPS recently released its Annual Compliance Report, which highlighted the key role that competitive package delivery services provide in helping to support a nationwide postal delivery network. In FY 2019, competitive product revenues totaled over $24 billion and contributed more than $8.2 billion profit to the Postal Service’s overall bottom line, a result of its unparalleled ability to deliver packages to more than 159 million points of delivery, seven days a week. This substantial contribution back to the Postal Service helps defray the costs of universal postal services to all Americans.
“The U.S. Postal Service delivers more packages to American homes than any other shipper. The Postal Service’s package delivery business continues to be profitable and help drive the success of the growing e-commerce industry. American consumers and businesses -- especially those in rural America -- need continued access to USPS’s affordable, reliable, and competitive package delivery services.”
For more information on The Package Coalition, visit www.packagecoalition.org and follow us on Twitter @PkgCoalition.