USPS’ Donahoe: Survival Hinges on Law Changes
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Donahoe pointed out that during the height of the recession, 2007 and 2008, the USPS would have realized profits of $3.3 billion and $2.8 billion, respectively, had it not been for the prefunding requirement. In addition to seeking corrective legislation on the RHB prefunding, Donahoe also asked the subcommittee to look favorably on the agency’s proposal to transition to a five-day delivery schedule and to provide the Postal Service with more latitude on the products and services it can offer its customers.
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