The Postal Service has many financial woes, but the health of its package delivery service is not one of them.
As the agency struggles to pay for retiree health benefits and adjust to a world where people mail fewer letters each year, an otherwise dismal balance sheet has a bright spot: It is delivering more and more packages, a reflection of the boom in e-commerce.
The Postal Service has described its package business as a source of financial growth, but President Trump wants more. He issued an executive order late Thursday creating a task force to “conduct a thorough evaluation” of the Postal Service’s operations and finances, including the “expansion and pricing of the package delivery market.”
But on a single day in December — Monday, Dec. 18 — the post office delivered more than 37 million packages, a record.
During the quarter that includes the 2017 holiday season — historically the Postal Service’s strongest period of the year — revenue from first-class mail slid by 4.4 percent from the same period a year earlier. Total mail volume, which has been slipping for years, depressed in part by email, was down by 2 billion pieces, or 5 percent.
News credit : Nytimes