The postmaster general announces his long-awaited strategic initiative, one that diminishes delivery standards and raises prices
Postmaster General Louis DeJoy on Tuesday unveiled the largest rollback of consumer mail services in a generation, part of a 10-year plan that includes longer first-class delivery windows, reduced post office hours and higher postage prices.
DeJoy presented his long-awaited strategic vision for the U.S. Postal Service during a Tuesday webinar. Portions of the initiative already made public have raised alarms from postal advocates, who say they could further erode agency performance. Mailing industry officials warn that substantial service cuts could drive away business and worsen its already battered finances.
But DeJoy has cited the need for austerity to ensure more consistent delivery and rein in losses. The agency is weighed down by $188.4 billion in liabilities, and DeJoy told a House panel last month that he expects the Postal Service to lose $160 billion over the next 10 years. Without the plan, Postal Service Board of Governors Chairman Ron Bloom said, the agency’s future was “profoundly threatened.” Continue reading.