Senator Carper Responds to U.S. Postal Service Fiscal Year 2015 Losses

WASHINGTON – Today, Sen. Tom Carper (D-Del.), ranking member of the Homeland Security and Governmental Affairs Committee, responded to the U.S. Postal Service’s reported net loss of $5.1 billion for fiscal year 2015:

“Today’s report makes it clear that, despite a growing revenue stream, the U.S. Postal Service continues to suffer significant losses that threaten its future. The Postal Service’s  package delivery products continue to show great promise but given the institution’s longstanding financial and legislative burdens, coupled with an ongoing decline in the volume of First Class mail, this welcome news just isn’t enough to get the Postal Service out of the red. The only way to alleviate the Postal Service’s financial challenges and take advantage of the opportunities it has to grow in the digital age is for Congress to come together and pass comprehensive postal reform legislation as soon as possible. It is my hope that my bill, the Improving Postal Operations, Service and Transparency (iPOST) Act of 2015, will provide a blueprint for an agreement. iPOST would make comprehensive reforms to stabilize current postal operations, improve service performance, enhance transparency, and put the Postal Service on the path to sound financial footing for years to come. I will continue to work with my colleagues on both sides of the aisle, stakeholders, and the Postal Service to refine this legislation to right the Postal Service and ensure its viability long into the future.”