Quadracci Urges Congress to Solve USPS Woes

Earlier this year, Quadracci provided similar testimony before the Senate Homeland Security and Governmental Affairs Committee. In both his appearances on Capitol Hill, he was the only printer and member of private industry invited to testify.

“As we know all too well, the Postal Service is losing money at a rate of nearly $25 million a day with a total planned loss in 2013 of $7.6 billion,” Quadracci said in his written testimony provided in advance of last week’s hearing. “This is clearly unsustainable. The constant threat of insolvency is obviously troubling for the Postal Service, but it is even more troubling for the American economy overall. Although the Postal Service is financially challenged, it is still a $65 billion business that supports a private sector economy worth more than $1 trillion, employing some 8 million private sector workers and accounting for 9 percent of our nation’s Gross Domestic Product.”