The U.S. Postal Service is facing stiff resistance from a swath of stakeholders over some of its reform plans, though the agency’s leader is asking them not to stand in his way.
Postmaster General Louis DeJoy announced on Tuesday that USPS has brought its projected long-term losses down from $160 billion to between $60 billion and $70 billion, driven largely by the financial relief Congress delivered in the Postal Service Reform Act. He cautioned that to enable the agency to break even by 2030, it will have to implement the other elements of his plan. Those include continuing to increase prices to keep pace with unusually high inflation, consolidating delivery processing to reduce transportation costs and reducing the workforce through attrition.
“All stakeholders need to realize that each day lost in executing on our strategy will consume cash and eventually accumulate to a cash deficit that will necessitate more aggressive actions by us or the federal government,” DeJoy said at a board of governors meeting.