DEJOY: THE POSTAL SERVICE’S FUTURE DEPENDS ON ITS ABILITY TO ADAPT
“The Postal Service’s future depends on its ability to adapt to the evolving demands of our customers,” said Postmaster General and CEO Louis DeJoy. “These initiatives and investments give our employees the infrastructure and technology they need to serve today’s e-Commerce marketplace reliably and efficiently. This optimization will lead to more efficient and reliable performance in our plants, which in turn will enhance our ability to predictably and reliably deliver mail to the more than 161 million addresses we serve each day.”
Employee impacts resulting from these operational changes will be handled in accordance with our negotiated contract provisions and these impacts will not result in employee layoffs.
With full implementation, the Postal Service’s 10-year plan reverses a projected $160 billion in losses over the next ten years. The Plan will spur cash flow and savings to make $40 billion in capital investments over the next 10 years – including $20 billion towards USPS’ mail and package processing network, facility upgrades and procurement of new processing equipment.
Mail volume has declined by more than 39 billion pieces, or 23 percent, in the past 10 years and is continuing to decline. First-Class Mail has dropped 27 percent and single piece First-Class Mail — letters bearing postage stamps — has declined 41 percent during the same timeframe.