By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
PulseReporterPulseReporter
  • Home
  • Entertainment
  • Lifestyle
  • Money
  • Tech
  • Travel
  • Investigations
Reading: 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
Share
Notification Show More
Font ResizerAa
PulseReporterPulseReporter
Font ResizerAa
  • Home
  • Entertainment
  • Lifestyle
  • Money
  • Tech
  • Travel
  • Investigations
Have an existing account? Sign In
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
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
10 months ago
Share
After postage stamp value hikes and  billion in losses, critics of the USPS chief say his newest gambit may result in a demise spiral
SHARE



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.

Beneficial E-newsletter: Excessive-level insights for high-powered executives. Subscribe to the CEO Day by day e-newsletter totally free right this moment. Subscribe now.

You Might Also Like

Inside America’s longstanding monetary literacy downside, which is contributing to trillions in pupil debt—’you need to educate the academics’

U.S. crypto czar’s $200 million portfolio held Bitcoin, Coinbase, and Robinhood

Iranians are fleeing the capital as lengthy traces type at gasoline stations whereas Israeli assaults may worsen an power disaster

Inditex (ITX.ES) earnings Q1 2025

A golf course supervisor says his enterprise may lose $500,000 a yr if daylight saving time goes away

Share This Article
Facebook Twitter Email Print
Previous Article You Both Have An Outdated Soul Or A Younger Soul – Choose 8 Of Your Favourite Songs To Reveal Your Match You Both Have An Outdated Soul Or A Younger Soul – Choose 8 Of Your Favourite Songs To Reveal Your Match
Next Article Bank card APR vs. rate of interest: What’s the distinction? Bank card APR vs. rate of interest: What’s the distinction?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Newsletter

Subscribe to our newsletter to get our newest articles instantly!

More News

Trump’s New Perfume Doesn’t Scent Like Success
Trump’s New Perfume Doesn’t Scent Like Success
1 minute ago
Trump’s tariff pause expires subsequent week. Here is how properly Asian governments have been doing in negotiations with Washington
Trump’s tariff pause expires subsequent week. Here is how properly Asian governments have been doing in negotiations with Washington
7 minutes ago
Informal Disney Followers Can Solely Title Half Of These Pre-1980 Animated Film Characters, However Hardcore Followers Can Get All 20
Informal Disney Followers Can Solely Title Half Of These Pre-1980 Animated Film Characters, However Hardcore Followers Can Get All 20
46 minutes ago
The way to unblock Pornhub at no cost in Montana
The way to unblock Pornhub at no cost in Montana
1 hour ago
What do you suppose is the 2025 tune of the summer season?
What do you suppose is the 2025 tune of the summer season?
2 hours ago

About Us

about us

PulseReporter connects with and influences 20 million readers globally, establishing us as the leading destination for cutting-edge insights in entertainment, lifestyle, money, tech, travel, and investigative journalism.

Categories

  • Entertainment
  • Investigations
  • Lifestyle
  • Money
  • Tech
  • Travel

Trending

  • Trump’s New Perfume Doesn’t Scent Like Success
  • Trump’s tariff pause expires subsequent week. Here is how properly Asian governments have been doing in negotiations with Washington
  • Informal Disney Followers Can Solely Title Half Of These Pre-1980 Animated Film Characters, However Hardcore Followers Can Get All 20

Quick Links

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms Of Service
  • Disclaimer
2024 © Pulse Reporter. All Rights Reserved.
Welcome Back!

Sign in to your account