These results reconfirm the steady improvement in the finances of the Postal Service, which has been operating at a profit since October 2012. During Fiscal Year 2013 (October 2012-September 2013), the Postal Service earned an operational profit of $600 million. Rising online shopping has sparked a jump in package revenue, while a gradually rebounding economy has stabilized mail revenue. That’s why the USPS forecasts a $1.1 billion operating profit this year. Quite simply, the package business is booming for the Postal Service.
Given these positive financial trends, it would be irresponsible and completely irrational to degrade services to the public, which would drive away mail — and revenue — and stop the postal turnaround in its tracks. Lawmakers shouldn't dismantle the postal network that is profitable in meeting the needs of an evolving society. The Postal Service has earned an operational profit of more than $1.6 billion since October 2012.
Instead, legislators should address the factor that is causing 100 percent of the "losses" — the congressional mandate that the Postal Service be required to pre-fund future retiree health benefits. No other federal agency is burdened with this congressional mandate. The time is now to eliminate the pre-funding of retiree health care, which currently has $50 billion stored away, enough to cover premiums for decades to come and switch to a pay-as-you-go method of funding. Then, the Postal Service can continue to provide Americans and their businesses with the world’s most affordable delivery service without using a dime of taxpayer money.