On Tuesday, Postmaster General Louis DeJoy debuted his 10-year plan to cut costs at the U.S. Postal Service. The 58-page plan includes raising prices, slowing some first-class mail service, and reducing office hours. The plan lowers the service standard for first-class mail from three days or less to five days or less, shifting from air to surface transportation.
DeJoy and Ron Bloom, U.S. Postal Service board of governors chair, said in a letter noted in the plan that unless the proposed changes are made the post office stands to lose $160 billion over the next decade. The plan also offers some areas of expansion, including recruitment and retention, new offerings designed to expand use of the mail by small businesses in communities, expanded seven-day delivery outreach, and $40 billion allocated for investment. According to a statement, the $40 billion investment will go toward “workforce, new vehicles, improved Post Offices, technology improvements, and infrastructure upgrades.”
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