Economic news

US Postal Service seeks to save $30 billion over 10 years with delivery, other changes

2024.08.22 16:22

WASHINGTON (Reuters) – The U.S. Postal Service said on Thursday it is aiming to implement changes that it estimates will save the agency roughly $30 billion over the next decade.

Proposed changes include the adjustment of pick-up and drop-off times and faster delivery of some classes of mail – all of which will be discussed at a virtual conference, the Postal Service said.

The conference will be held next month to seek feedback from stakeholders, including the mailing and shipping community, the Postal Service said.

It said the changes will not go into effect until after the Nov. 5 general election and the 2024 peak season between Thanksgiving and New Year’s Day.

“As we integrate our transportation, processing, and delivery network to logically sequence the flow of mail and packages by deploying improved operating practices in our redesigned facilities network, we expect to improve service reliability, reduce cost and grow our business,” said Postmaster General Louis DeJoy.

© Reuters. Employees work as the largest United States Postal Service (USPS) facility gears up for the busiest shipping time of the year, in Los Angeles, California, U.S. November 30, 2023. REUTERS/Jorge Garcia/ File Photo

The Postal Service, which amassed more than $87 billion in losses between 2007 and 2020, said the changes are expected to save about $3 billion annually.

It added that the initiative will also decrease the number of truck trips, leading to the agency reducing its carbon emissions.



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 68,869.45 0.49%
ethereum
Ethereum (ETH) $ 2,436.94 0.74%
tether
Tether (USDT) $ 0.999757 0.02%
bnb
BNB (BNB) $ 559.76 0.45%
solana
Solana (SOL) $ 162.08 1.01%
usd-coin
USDC (USDC) $ 1.00 0.01%
xrp
XRP (XRP) $ 0.512287 1.34%
dogecoin
Dogecoin (DOGE) $ 0.168452 12.10%
staked-ether
Lido Staked Ether (STETH) $ 2,437.13 0.70%
tron
TRON (TRX) $ 0.16244 1.59%
cardano
Cardano (ADA) $ 0.33173 0.61%
the-open-network
Toncoin (TON) $ 4.61 4.68%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 5.70%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,885.66 0.78%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 68,713.41 0.36%
avalanche-2
Avalanche (AVAX) $ 23.19 0.42%
weth
WETH (WETH) $ 2,437.25 0.74%
bitcoin-cash
Bitcoin Cash (BCH) $ 338.99 1.59%
chainlink
Chainlink (LINK) $ 10.53 0.47%
usds
USDS (USDS) $ 0.994891 0.65%
leo-token
LEO Token (LEO) $ 6.07 0.34%
polkadot
Polkadot (DOT) $ 3.83 1.98%
sui
Sui (SUI) $ 1.93 3.53%
litecoin
Litecoin (LTC) $ 67.00 1.19%
near
NEAR Protocol (NEAR) $ 3.70 2.39%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,562.78 0.79%
aptos
Aptos (APT) $ 8.18 1.00%
uniswap
Uniswap (UNI) $ 6.91 0.55%
pepe
Pepe (PEPE) $ 0.000008 1.46%
internet-computer
Internet Computer (ICP) $ 7.13 0.18%
dai
Dai (DAI) $ 1.00 0.04%
bittensor
Bittensor (TAO) $ 428.39 0.80%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.16 2.70%
monero
Monero (XMR) $ 159.26 0.89%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.06%
stellar
Stellar (XLM) $ 0.092397 1.79%
whitebit
WhiteBIT Coin (WBT) $ 18.95 0.39%
ethereum-classic
Ethereum Classic (ETC) $ 17.94 1.52%
kaspa
Kaspa (KAS) $ 0.106164 2.41%
first-digital-usd
First Digital USD (FDUSD) $ 0.999048 0.05%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.298957 0.15%
blockstack
Stacks (STX) $ 1.50 3.76%
okb
OKB (OKB) $ 37.40 0.80%
dogwifcoin
dogwifhat (WIF) $ 2.04 0.34%
filecoin
Filecoin (FIL) $ 3.34 0.50%
crypto-com-chain
Cronos (CRO) $ 0.071909 0.47%
aave
Aave (AAVE) $ 129.62 0.72%
arbitrum
Arbitrum (ARB) $ 0.480709 0.31%
mantle
Mantle (MNT) $ 0.55602 0.37%
immutable-x
Immutable (IMX) $ 1.08 0.27%