Salem-News: Congress should consider privatizing USPS. Congress can learn from other countries where the private sector has taken large ownership stakes in their postal services. For example, 69 percent of Germany's formerly government post office Deutsche Post is now privately owned, deliverying 70 million letters in Germany, six days a week and doing it at a profit. Through its DHL International arm -- purchased in 2002 -- Deutsche Post AG also operates express service in about 170 countries. In the Netherlands, 100 percent of its formerly government post office is privately owned as TNT Post. The British government is considering selling off to private investors its ownership of the Royal Mail where at least 10 percent of the shares may be reserved for postal employees, which would have the benefit of reducing the unions' incentive to take actions negatively affecting the company's bottom line. With privatization, Congress would end its micromanagement of the USPS; eliminate the complex laws and regulations on delivery schedules, price caps, restrictions on facility shut-downs; and other business decisions. Unfortunately, Congress will again attempt reform, rather than consider privatization. Read more!
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