Postal Service: $1.1 Billion Dollar Profit

The Postal Service posted a $1.1 Billion Dollar Profit in the 1st Quarter of this Fiscal Year. And of course that is one of the reasons that a lot of people are trying to pretend that the Postal Service is outdated and archaic. It is not. It competes very well in today’s Internet world. In fact it has forged alliances with Amazon on two levels one is a delivery agreement to deliver Amazons to their customers on Sunday and that has become such a successful venture that it has now been expanded nation-wide. They also have an agreement with Amazon to deliver food and that too is being expanded.

The Postal Service for the past two holiday cycles has outperformed both UPS and FedEx in the delivery of parcels during the Christmas season. The Postal Service in fact delivers over 30% of all end deliveries for FedEx and 34% of all UPS end deliveries, because neither of these private delivery services deliver to every business and household in America.

The Postal Service competes very well in the Internet age because no one has yet discovered how to send items ordered over the Internet over the Internet. The Postal Service has a healthy bottom line their woes stem from the onerous mandate placed upon the service by Congress in 2006 that requires the Postal Service to prefund future retirees health benefits 75 years into the future. No other business or entity in the world has such a requirement placed upon it. As a consequence that fund has been estimated by the GAO (Government Accounting Office – a non-partisan entity) to be overfunded by some $54 billion dollars.

64 National Organizations have entered in to a Grand Alliance aimed at saving our Public Postal Service from those who seek to destroy the only government entity actually mandated by our Constitution. It has as its national spokesman Actor and Activist Danny Glover. Danny’s parents are both retired postal clerks. His sister was a postal clerk and his brother a Letter Carrier.

Bob Bearden


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