Postal Service Revenue Rises as Service Cuts Loom
BURLINGTON, Vt., Nov. 14 – Calling on the Postal Service to avert damaging service cuts and job losses, U.S. Sen. Bernie Sanders (I-Vt.) pointed to a new report today that revenue for the mail delivery service rose by $569 million during the fiscal year that just ended.
It was the second year in a row that profits rose, mainly because of increases in package deliveries to online shoppers.
Despite almost $1 billion in revenue growth over the past two years, the Postal Service is forging ahead with plans to shut down as many as 82 mail processing plants beginning in January. The closings would put 15,000 jobs in jeopardy.