The U.S. Postal Service can’t fix its finances through cuts alone, Postmaster General David Steiner said Friday. Steiner emphasized that the 150-year-old agency needs to expand its revenue base to restore prominence in the nation’s delivery network. He suggested working with more customers to provide last-mile delivery to homes and businesses, which is labor-intensive but essential. Currently, USPS faces severe financial hurdles, suffering net losses of $9 billion despite an increase in operating revenue to $80.5 billion. Amber McReynolds, chair of the Postal Board of Governors, called for urgent legislative action to improve financial sustainability, including reforms to pricing and borrowing limits. Steiner plans to continue with a $40 billion modernization plan launched by his predecessor, aiming to enhance service quality. With the holiday season approaching, USPS has invested significantly in logistics modernization, though concerns about privatization linger. McReynolds assured the public that there are no plans for USPS privatization.