UPS CEO Mike Eskew Seeks Viable, Focused USPS in the 21st Century
Mike Eskew, the chairman and CEO of United Parcel Service (NYSE: UPS), today expressed the company’s support for a healthy and viable U.S. Postal Service, focused on its core mission.
Testifying before the President’s Commission on the U.S. Postal Service, Eskew said: “UPS supports a Postal Service focused on its core letter mail mission that is dedicated to providing high-quality service in the physical delivery of letters, advertising and periodicals.”
As a major user of mail services, UPS is committed to a healthy and viable U.S Postal Service, Eskew continued. UPS uses the Postal Service as one of its main avenues of communication with its 360,000 employees and its millions of customers. Additionally, through its mail-related subsidiaries including Mail Boxes Etc., UPS pays over US$220 million to the Postal Service each year while at the same time benefiting from package volume generated by catalogs and advertising distributed through the mail.
The Commission was created to recommend legislative or administrative steps needed to ensure the viability of postal services. The Commission is scheduled to submit a report to the President by July 31 articulating a vision for the future of the USPS.
UPS is committed to participating in crafting policies that ensure the viability of the Postal Service to meet its core letter mail mission, since that mission remains important to American society, Eskew said.
“To the extent the Postal Service competes in the private sector, it must be on a level playing field with proper accounting, transparency, full disclosure and oversight,” he added.
