Nolan Downplays USPS' Predicted $3 Billion LossNEW YORK -- Even though the U.S. Postal Service may lose $3 billion this year, it is looking for ways to avoid another rate increase, deputy postmaster general John Nolan said today.
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.