USPS Tells PRC It Still Needs Rate Increase Even With $Billions Of Relief From Congress


* USPS CFO Joseph Corbett has testifed before the Postal Regulatory Commission that, even if the Postal Service receives the billions of relief it is seeking from Congress, the Postal Service says it still needs a greater-than-inflation postal rate increase in order to survive. [EdNote: If this is true, the USPS as an institution is moribund. There is no way it can survive in its current guise. As they would say in German “das ende.”]

* Former PRC chairman Blair told Corbett that it seems as if he’s laying a foundation for the argument that even more future exigent rate increases will be needed.