USPS 5-Year Business Plan: ‘Innovate Faster,’ Cut Costs To Remain Solvent (From Federal News Network)

Following the release of the United States Postal Service’s (USPS) business plan, Lexington Institute’s Paul Steidler was quoted in a Federal News Network story. The business plan assesses the Postal Service’s financial outlook over the next five years. USPS faces declining revenues as mail volume decreases, and this could exacerbate an already troubling financial situation.

Quoting Steidler’s Lexington piece, “The Postal Service’s Strategic Plan – Five Things To Know,” Federal News Network connects the USPS study to its lack of discussion regarding recommendations in a 2018 White House Postal Task Force Report. Such a discussion “would be a helpful catalyst for postal reform legislation to see what common ground can be found between USPS and Treasury on important issues. This will also help the Postal Service avoid insolvency and to thrive,” Steidler wrote.

Read the full article here.