Ailing US Postal Service proposes Slower Mail Delivery and Downsizing

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(Best Syndication News) - Today, the US Postal Service announced proposals that could help turn their operations around financially. The proposals include downsizing their operations and slowing mail delivery down for some First-Class Mail delivery times.

The USPS said they needed to reduce their operational expenditures by $20 billion by 2015 to return to a profitable status. To do this, the agency is proposing consolidation of the postal network. This would mean closing some facilities, which would eliminate processing equipment, vehicles, and employees. They project an annual savings of $2.1 billion annually by doing this downsizing. By 2015, the USPS expects to save up to $3 billion annually.

Some first-class mail is required by government rules for overnight delivery times. The USPS is proposing that rules be changed so that the First-Class Mail delivery would be reset for 2-3 days standard for the contiguous United States locations. They did have an allowance set for mailers who drop off the mail at specific processing facilities by a certain time, could still enjoy an overnight delivery time.

The US Postal Service is currently studying 252 out of 487 mail-processing facilities that they might be closing. The proposed closures were previously suggested by the US Postal Service in order to help them recover financially. This agency does not get any tax money for operations and relies strictly on sale of postage and products to fund the operation.

By: Julie Marcus



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