Nolan Downplays USPS' Predicted $3 Billion Loss
Speaking at the monthly meeting of the Direct Marketing Club of New York, Nolan tried to downplay the loss the USPS faces this year, saying it's only 4 percent of the agency's $70 billion in revenue. He said he is speaking with mailing groups and associations and has a meeting scheduled with the Postal Rate Commission to talk about "ideas, concepts to help the agency grow."
USPS officials also are discussing co-branding advertising programs that would bring in revenue for the agency. Nolan said soda machines even may return to post offices, which was stopped in the 1970s.
"We can make $50, $60, $70, $80 million a year just by doing this," he said.
Over the next 15 months, he said, the agency also may reclassify its products and services to better match the changing mailing community.