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PulseReporter > Blog > Money > After postage stamp value hikes and $87 billion in losses, critics of the USPS chief say his newest gambit may result in a demise spiral
Money

After postage stamp value hikes and $87 billion in losses, critics of the USPS chief say his newest gambit may result in a demise spiral

Last updated: August 23, 2024 7:29 am
11 months ago
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After postage stamp value hikes and  billion in losses, critics of the USPS chief say his newest gambit may result in a demise spiral
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The U.S. Postal Service desires to save lots of $3 billion yearly on adjustments that replicate its larger reliance on streamlined regional networks — whereas retaining native mail supply occasions of 1 to 3 days and permitting clients to trace some supply schedules with larger precision.

Election mail received’t be affected, officers mentioned.

The proposal, introduced Thursday, would regulate mail supply occasions whereas sustaining a dedication to a most five-day supply for the flagship Floor Benefit program nationwide and a most three-day supply for native first-class mail.

Postmaster Normal Louis DeJoy mentioned the adjustments to happen subsequent yr are essential to “allow us to function extra effectively and reliably, develop our enterprise and provides us an opportunity for a viable future” after an 80% drop in first-class mail since 1997 and a corresponding development in packages. All informed, the Postal Service has amassed greater than $87 billion in losses from 2007 by 2020.

The main points had been unveiled by the Postal Service forward of a Sept. 5 assembly wherein the proposed adjustments can be mentioned with stakeholders earlier than they’re submitted to the Postal Regulatory Fee.

Election mail and vacation shipments received’t be affected as a result of the proposed adjustments wouldn’t happen till the subsequent calendar yr, officers mentioned. Drugs additionally ought to proceed to be delivered at their present velocity, or quicker, beneath the proposal, officers mentioned.

Rep. Gerry Connolly, a frequent critic of adjustments beneath DeJoy, was unimpressed by the proposal.

“Any effort to degrade service whereas elevating costs is a recipe for a demise spiral on the Postal Service,” Connoly, a Democrat from Virginia, mentioned in a press release. “That is the second time Postmaster Normal DeJoy has proposed decrease service requirements. He would possibly as effectively announce a return to delivering mail by horse and buggy.”

The proposal displays the Postal Service’s transfer to overtake its processing and transportation community with an emphasis on massive regional hubs, one thing that’s already starting to happen in Atlanta; Richmond, Virginia; and Portland, Oregon. Adjustments to raised make the most of current floor networks imply the Postal Service should regulate pickup and drop-off occasions between put up places of work and processing vegetation, a course of that may enhance the velocity of a number of the mail, officers mentioned.

This proposal aligns with the group’s mandate to be financially self-sufficient whereas persevering with to ship to each handle throughout the nation six days per week. If adopted, 75% of first-class mail will see no change from the present service requirements, and round two-thirds of mail can be delivered in three or or fewer days, the Postal Service mentioned.

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