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Important to know the approach were taking here. Are there costs to be cut . Yes. Are the things we can do to become more effective . More efficient . Yes. But i also believe the Postal Service is a vital tool of commerce and a thriving vibrant, productive Postal Service is essential to our economy. We cannot ignore this. Think about the world of the internet, think about the way commerce is moving, the way we communicate, how we send bills and kmoocommunicate as a nation. You have to have a vibrant, thriving Postal Service to achieve that. Thats why i think so many people are here today and r...

Mail, they face an unprecedented financial crisis. Since 2006, mail volume has declined more than 25 or about 60 billion of pieces of mail annually. Theyve lost money for nine straight years. They face mounting longterm financial challenges. They have 54 billion for retiry health care and has exhausted its statutory debt limit and it lacks the funds it needs for critical infructure investmeinv. And a Delivery Fleet think about all the millions and millions of postal boxes that need somebody to come deliver the mail to them. It is a miraculous thing that for less than 50 cents, you can put a st...

Thank you. I think its time for the Postal Service to act as a private business has to act in similar situations of constantly losing money without relying upon the taxpayer. At some point weve got to change. Mr. Chairman, i thank you for your indulgence. Thank the gentleman. Will recognize the gentleman from california for five minutes. Postmaster brennan, last october the u. S. Postal Inspection Service issued a release about mail theft. And it said that these crimes are increasing and that mail theft from collection boxes and customers mailboxes is a big problem. It also says most cases of ...

Apparently thats Old Fashioned now. So do you see that expanding more . Yes, congressman cummings. Not my thing. Im talking about absolutely. Hypergrowth. Hypergrowth. The challenge is its a very competitive delivery space. We compete for customers every day. Its the value proposition. Competitive pricing, transit time performance and visibility. And the Postal Service has made investments in all of those components to insure we improve our competitive standing. We need to recognize while our strength is last mile delivery, were challenged there. The socalled uberization of Package Delivery is...

Leadership around the world. Postmaster general make and brennan discussed the future of the u. S. Postal service at a House Oversight and Government Reform Committee on wednesday. She outlined what policy changes could be made. This is 2. 5 hours. The committee on oversight and government reform comes to order. Thank you for being here. This is important and it affects every american. It is a vital part of the commerce in United States in the United States. We are here to talk about the Postal Service and to ensure options for longterm viability. 40 of the mill volume is carried through the U...