The U.S. Postal Service can’t fix its finances through cuts alone, Postmaster General David Steiner said Friday.
FILE - Postmaster General David Steiner speaks at an event marking the 250th anniversary of postal service's founding, July 23, 2025, in Washington. Steiner said the 150-year-old agency needs to expand its revenue base to restore prominence in the nation’s delivery network.
It also should capitalize on its long-standing legal obligation to deliver to every address. One way it can do that, Steiner said during the Postal Board of Governors meeting in Washington, is by working with more customers to provide final or “last mile” delivery to individual home and businesses, the most expensive and labor-intensive part of delivery. “I’ve taken to saying that we cannot cost-cut our way to prosperity,” Steiner said. “We have to grow.” Steiner said the postal service, which has faced an uncertain future since President Donald Trump’s election to a second term, is currently negotiating deals with private parcel delivery service UPS and similar companies to expand its last-mile service for the final leg of delivery. He said USPS also wants to open up that program to large and small retailers, offering same-day and next-day delivery. “We’ve begun discussions with a number of retailers and the desire for fast, reliable and affordable delivery is certainly strong among all retailers,” he said. “Our value resides in going to every address six and often seven days a week while offering a remarkable retail and processing footprint.”While a new financial report released Friday showed operating revenue of $80.5 billion, an increase of $916 million from last fiscal year, the postal service suffered net losses totaling $9 billion. It marks a slight improvement from the previous fiscal year, when the net loss was $9.5 billion. Amber McReynolds, who was re-elected chair of the Postal Board of Governors on Friday, said “long-standing and unnecessary restrictions” are weighing down USPS’s bottom line and “highlight the urgent need for executive and legislative action” so the postal service can be financially sustainable for the long-term. USPS is an independent and mostly self-supporting federal agency. She said the postal service is currently required to pay a “disproportionate share” into its retiree system compared to other federal agencies. It’s also only allowed to invest postal retirement funds in treasury securities, losing out on hundreds of billions of dollars that could be invested in a diversified portfolio, she added. McReynolds also called for congressional updates to USPS’s pricing system, its workers’ compensation program and its borrowing limits, which haven’t been changed since 1991.Steiner warned Friday there’s also a need to cut costs at the post office, be more efficient and use innovative methods, including bringing artificial intelligence into the USPS logistics network. “To do all of this, we need capital and the ability to leverage our assets,” he said. “We should be able to borrow like our competitors, who are not limited by statute.”Steiner, who said he has visited more than 20 postal facilities and spoken with thousands of postal workers and stakeholders during his first 100 days on the job, made it clear Friday he plans to mostly stay the course with the $40 billion, 10-year modernization and financial stabilization plan launched by his predecessor, Louis DeJoy. He said the progress made so far has empowered the USPS to “reach new levels,” noting on-time mail delivery has been steadily improving and most customers can expect delivery of their mail and packages in less than three days on average. However, he said more improvements are still needed. With the busy holiday season looming, Steiner said the postal service is ready, noting $20 billion has been spent over the past four years on mail processing and logistics modernization. Also, due to a “stabilized workforce,” only a “modest” number of seasonal employees of roughly 14,000 people will need to be hired. While multiple members of the public on Friday voiced concerns about the postal service possibly being privatized, an idea raised by President Donald Trump and his former adviser, Elon Musk, McReynolds tried to quash the notion. “There are no proposals or plans to privatize the postal service,” she said. “The new postmaster general has talked at length about that in his public comments and the board certainly has shared that sentiment as well.”The U.S. Postal Service can’t fix its finances through cuts alone, Postmaster General David Steiner said Friday. Steiner said the 150-year-old agency needs to expand its revenue base to restore prominence in the nation’s delivery network. It also should capitalize on its long-standing legal obligation to deliver to every address. One way it can do An 11-year-old Connecticut girl was not given food in the two weeks leading up to her death last year and had often been restrained with zip ties, police say. Her remains were found inside a plastic bin last month. A few months after her death, another child impersonated her during a video call with the BUFFALO, N.Y. — Ely Samuel Parker, a Seneca leader and Civil War officer who served in President Ulysses S. Grant’s cabinet, was posthumously admitted Friday to the New York State Bar, an achievement denied him in life because he was Native American. His admission inside a ceremonial courtroom in Buffalo 130 years after his SAVANNAH, Ga. — A federal appeals court on Friday upheld the hate crime convictions of three white men who chased Ahmaud Arbery through their Georgia subdivision with pickup trucks before one of them killed the running Black man with a shotgun. A three-judge panel of the 11th U.S. Circuit Court of Appeals took well WASHINGTON — The U.S. military’s 20th strike on a boat accused of transporting drugs has killed four people in the Caribbean Sea, a Pentagon official said Friday, coming as the Trump administration escalates its campaign in South American waters. The latest strike happened Monday, according to the official, who wasn’t authorized to discuss the LOS ANGELES — A federal judge on Friday said the Trump administration is still violating detained immigrants’ constitutional rights by restricting their access to attorneys at a detention facility in Los Angeles and ordered the government to remedy the matter. Immigrant advocacy groups filed the lawsuit in July accusing the administration of systematically targeting Discover Kitsap County’s creative soul: Where Nordic charm meets gothic gardens and ancient traditions thrive Kitsap County is full of wonderfully weird, authentically artsy, and unexpectedly magical corners that make visitors become locals and locals never want to leave.A whole-home generator isn’t a luxury — it’s a lifeline Tyson O’Neill, owner of Generator Supercenter of Puget Sound in Lynnwood, said homeowners must stop treating backup power like a luxury.As small and medium-sized businesses in the Seattle-Tacoma region prepare to capitalize on renewed economic momentum and easing interest rates, Bonneville Seattle stands as the premier media partner to amplify their growth.Medicare open enrollment runs from Oct. 15 to Dec. 7, giving beneficiaries a crucial opportunity to review and change their plans.If you’ve been thinking about upgrading your heating, air conditioning, or heat pump system, 2025 is the year to act.
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Postmaster general says cuts alone won't save USPSPostmaster General David Steiner says the U.S. Postal Service can't fix its finances through cuts alone. He said on Friday that it needs to expand revenue by capitalizing on its obligation to deliver to every address. Steiner says USPS is negotiating deals with companies like UPS to expand last-mile delivery services.
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Postmaster general says US Postal Service needs revenue growth, not just cutsPostmaster General David Steiner says the U.S. Postal Service can't fix its finances through cuts alone.
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