Mail Has a Bright Future, PMG Potter Says

Mail volume is still on the rise and “the increase in mail volume demonstrates that American businesses recognize that hard copy mail works and has a bright future,” Postmaster John E. Potter said at the USPS at the Board of Governors’ monthly meeting.

The USPS ended fiscal year 2005 with net profits of $1.4 billion due to record sales of $70 billion and a record mail volume of 212 billion. Total mail volume increased 2.7 percent over last year. Standard mail outpaced First Class for the first time in history with 101 billion pieces compared to 98 billion. Still, after a 3-year slump, First-Class volume rose slightly.

Since Potter became PMG in 2001, the USPS has reduced costs by $15 billion and has kept postage rates stable since 2002. But, due to legislation enacted in 2003 requiring the USPS
to annually contribute $3 billion to a pension escrow, postage rates are due to increase January 2006.

Says Potter, "Financially, we are in the best position we've been since the 1970s."

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