DeJoy Says USPS To Run Out Of Cash In Late 2022 Without 10-Year Reform Plan (From Federal News Network)

Lexington’s Paul Steidler was quoted in a Federal News Network article about the U.S. Postal Service’s (USPS’s) 10-year strategic plan.  In an interview, Postmaster General Louis DeJoy said that after 14 consecutive years of net losses, the Postal Service can no longer maintain the status quo. The plan calls for USPS to balance its finances by 2030 and prevent an additional $160 billion in net losses over that period. Of note, it will also lengthen first-class mail delivery times.

Steidler said that USPS, rather than lower standards for first-class delivery mail, should craft a plan to enable USPS to meet service standards that became effective in 2012. “Every time you create you lower service standards, you create less reverence, less respect for that product,” Steidler said.

Read the full article here.