USPS Is Profitable, Union Chief Asserts

Mark Dimondstein, the president of the American Postal Workers Union, fired back at a recent Washington Post editorial, saying the USPS is not bleeding red ink but is really profitable, making $3.2 billion over the last three years.

“The premise that the U.S. Postal Service is hemorrhaging more than $5 billion a year is false,” Dimondstein wrote in a letter to the editor of the Post. “This “red ink” is the product of an absurd burden placed on the Postal Service to pre-fund future retiree health benefits 75 years into the future.”

“No other federal agency or private business faces such an insurmountable burden,” he wrote. “Without this mandate, Postal Service operations ran an impressive $3.2 billion profit the past three years.”

Dimondstein criticized the newspaper for advocating cuts in service and ending six-day delivery. He cited Postal Reform legislation as a step in the right direction.

“Bipartisan legislation working its way through the House is a positive, though imperfect, step forward as it addresses the pre-funding debacle,” he wrote.

Click for more information on the Postal Service Reform Act of 2017