The economic crisis caused by the impact of the COVID-19 pandemic has stricken not only countless businesses but the U.S. Postal Service as well. Due to the pandemic, it is estimated that mail volume and revenue may drop by 50% or more in the coming months. The Postal Service has advised Congress that it will run out of cash by the end of September unless Congress and the administration provide financial assistance to get it through the COVID-19 crisis.
Established in 1775, the year before our country was formed, the post office is one of the few government agencies explicitly authorized by the U.S. Constitution. It is the nation's only truly universal delivery and communications network, connecting 160 million homes and businesses in every corner of the country six days a week.
The USPS, with 640,000 employees, is among the country's largest employers — and the largest civilian employer of veterans.
The USPS handles 40% of the world's mail, providing American citizens and businesses the most affordable and efficient delivery services. Since the early 1980s the USPS has operated without the use of tax dollars, relying solely on revenue from postage and other postal products. Survey results released by the Pew Research Center in early April named the Postal Service as the highest-rated federal agency with a 91% favorability rating.
Postal services and post offices are particularly critical to rural areas, small towns, the elderly, military veterans and millions of small and medium-sized businesses.
The USPS is also essential to the political and cultural life of America, delivering hundreds of millions of magazines and weekly newspapers each year, plus billions of business-related and personal communications. It routinely handles tens of millions of ballots delivered to voters who request absentee ballots or who live in states that conduct elections by mail.
The USPS also plays an important role in the health care system, handling 1.2 billion prescription drug shipments a year — nearly 4 million every day, six days a week. The USPS also provides "last-mile" delivery for tens of millions of packages for FedEx, UPS and Amazon.
The universal reach of the postal network is invaluable to all Americans, but especially to those in rural, inner city and exurban areas that would not be served if not for the USPS.