USPS Chief Financial Officer Admits Rate Increase will have No Effect on Solvency of USPS
Mark your calendar for Mediaweek, October 29-30 in New York City. We’ll unpack the biggest shifts shaping the future of media—from tv to retail media to tech—and how marketers can prep to stay ahead. Register with early-bird rates before sale ends!
(Press Release) Washington, DC — The Affordable Mail Alliance—a growing coalition of nearly 1,000 non-profits, Fortune 500 companies, small businesses, major trade associations, consumer groups and citizens representing most of the mail sent in the United States—highlights the testimony of USPS CFO Joseph Corbett that makes clear the proposed rate increases are not justified under the law or necessary for the continuation of mail services.
Testifying Tuesday at the Postal Regulatory Commission hearing, Corbett admitted that the Postal Service’s cash position this year is no worse than in 2009, when the Postal Service did not seek a rate increase of this kind.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in