SEVERE WX : Special Weather Statement View Alerts
STREAMING NOW: Watch Now

US Postal Service warns coronavirus pandemic threatens its survival

The US Postal Service is warning that the coronavirus pa...

Posted: May 8, 2020 12:56 PM
Updated: May 8, 2020 1:22 PM

The US Postal Service is warning that the coronavirus pandemic began to harm business in late March which has continued to decline, a trend that threatens its survival.

"It is estimated that the COVID-19 pandemic will substantially increase the Postal Service's net operating loss over the next eighteen months, threatening the Postal Service's ability to operate," it wrote in a press release Friday.

The financial struggles of the USPS are not new, but the global pandemic has further strained the mail service. More than 600,000 mail carriers and postal workers have continued working through the pandemic, delivering goods to every corner of the country.

Its second quarter numbers are artificially elevated by mailings tied to the US Census.

"Compared to the same quarter last year, First-Class Mail revenue increased by $89 million, or 1.4%, despite a volume decline of 29 million pieces, or 0.2%. This growth was due to one-time mailings associated with the 2020 U.S. Census, otherwise First-Class Mail revenue and volume would have each declined," the postal service said.

The Postmaster General is calling on Congress and the Trump administration to help shore up its finances.

"We anticipate that our business will suffer potentially dire consequences for the remainder of the year," Postmaster General and CEO Megan J. Brennan said in Friday's press release. "At a time when America needs the Postal Service more than ever, the pandemic is starting to have a significant effect on our business with mail volumes plummeting as a result of the pandemic."

Brennan had told Congress last month that the agency will "run out of cash" by the end of September if lawmakers don't step in with financial assistance.

USPS had requested $75 billion in funding from Congress to stay afloat.

In a Oval Office signing ceremony late last month with President Donald Trump, Treasury Secretary Steve Mnuchin said that a $10 billion dollar loan for USPS was authorized in the $2 trillion coronavirus stimulus package, the CARES Act.

It also has not yet been approved for the loan from the Treasury Department, USPS spokesperson David Partenheimer confirmed Friday, saying that the postal service is still in discussions with the department over the terms and conditions of the loan.

"My team is already actively working on that with the Postal Service, if they need the money," Mnuchin previously said, adding that, "We are going to put certain criteria for our postal reform program as part of the loan."

Trump then attacked USPS, calling it "a joke" for losing money delivering packages for Amazon "and other internet companies."

He said if the USPS doesn't raise its price on packages, "I'm not signing anything" or authorizing the loan.

Minnesota Coronavirus Cases

Data is updated nightly.

Cases: 681613

Reported Deaths: 8076
CountyCasesDeaths
Hennepin1403921855
Ramsey58542944
Dakota52093497
Anoka48037479
Washington30637309
Stearns24839240
St. Louis20269335
Scott19626145
Wright18499163
Olmsted15792110
Sherburne13522100
Carver1206952
Clay915295
Rice9104120
Blue Earth866347
Crow Wing7797102
Kandiyohi744188
Chisago711658
Otter Tail666691
Benton6439101
Mower558038
Winona554452
Goodhue550080
Douglas535484
Itasca516671
Beltrami504672
McLeod501463
Steele500921
Isanti490170
Morrison467563
Nobles448650
Becker434559
Polk433675
Freeborn429538
Lyon394254
Carlton389559
Nicollet377647
Pine373726
Mille Lacs354360
Brown346443
Cass343035
Le Sueur340829
Todd321734
Meeker304749
Waseca288625
Martin261933
Wabasha24334
Dodge24064
Hubbard232241
Roseau231723
Houston203816
Renville199548
Redwood198242
Fillmore194710
Pennington190221
Wadena185126
Faribault179725
Cottonwood176624
Sibley175810
Chippewa171239
Kanabec164129
Aitkin155038
Watonwan155011
Rock138519
Jackson134712
Pope13058
Yellow Medicine125120
Pipestone125026
Swift117119
Koochiching116519
Murray115110
Stevens112211
Marshall103518
Clearwater101918
Lake91021
Wilkin89614
Lac qui Parle84824
Big Stone6814
Mahnomen6819
Grant6718
Lincoln6524
Norman6509
Kittson53322
Unassigned51593
Red Lake4777
Traverse4215
Lake of the Woods3884
Cook2120

Iowa Coronavirus Cases

Data is updated nightly.

Cases: 432122

Reported Deaths: 6339
CountyCasesDeaths
Polk67341672
Linn25698353
Scott22828261
Black Hawk19121334
Woodbury16940233
Johnson1659690
Dubuque14547218
Pottawattamie13058183
Dallas12746102
Story1187148
Warren685993
Webster6304102
Cerro Gordo6212102
Clinton620097
Des Moines594482
Muscatine5781108
Unassigned57410
Marshall564280
Sioux542775
Jasper516575
Lee511078
Wapello4993128
Buena Vista472942
Marion449083
Plymouth434083
Henry339940
Jones331158
Bremer325365
Crawford321644
Carroll317053
Washington315754
Benton312656
Boone308736
Mahaska275453
Dickinson270846
Kossuth251471
Jackson246044
Clay245729
Tama238273
Delaware234643
Buchanan233938
Hardin230847
Page221624
Cedar220525
Fayette220345
Wright217641
Winneshiek215937
Hamilton211752
Harrison198875
Clayton194458
Madison193820
Butler188836
Floyd187742
Mills185224
Poweshiek181036
Cherokee179440
Iowa176425
Allamakee176252
Lyon174441
Jefferson169138
Calhoun168313
Hancock167335
Winnebago164231
Grundy158835
Cass155556
Louisa154949
Shelby151739
Appanoose151249
Emmet149541
Franklin148524
Humboldt147226
Sac144722
Union144237
Mitchell141643
Guthrie138132
Chickasaw137518
Palo Alto131124
Clarke125024
Montgomery122239
Keokuk116232
Howard115622
Monroe114033
Ida107538
Davis103125
Pocahontas99023
Greene98012
Adair95334
Monona94733
Lucas94523
Worth9268
Osceola83717
Decatur74510
Fremont74111
Taylor72412
Van Buren70919
Wayne65123
Ringgold62226
Audubon58414
Adams3914
Rochester
Cloudy
62° wxIcon
Hi: 79° Lo: 62°
Feels Like: 62°
Mason City
Cloudy
61° wxIcon
Hi: 79° Lo: 61°
Feels Like: 61°
Albert Lea
Cloudy
57° wxIcon
Hi: 78° Lo: 58°
Feels Like: 57°
Austin
Cloudy
61° wxIcon
Hi: 79° Lo: 60°
Feels Like: 61°
Charles City
Cloudy
63° wxIcon
Hi: 81° Lo: 62°
Feels Like: 63°
Storms rolling through this evening
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Blood donor program extended hours

Image

Two serious crashes on Highway 14 Saturday

Image

Pfizer announces safe and effective COVID vaccine for ages 5-11

Image

Sean's Weather 9/20

Image

National school nursing shortage hits Olmsted County

Image

Heartland Chapter of North Iowa puts on Youth Muskie Tournament

Image

Austin Bruins open up regular season Friday night

Image

Apple orchard recovers from drought

Image

Blazing Star Trail moving forward

Image

Run for Lebanon

Community Events