Postmaster General Louis DeJoy said on the call he would roll out his overhaul plan in the coming months, adding the plan would preserve the six-day delivery week and USPS’ universal service mandate. He said the service needs to modernize and invest in a new fleet and training for workers.
“We need to address operational inefficiencies so the postal service can operate with much greater precision,” DeJoy said Friday.
Greater efficiency could improve service and cut costs to improve USPS’ competitiveness and financial footing. Shipping and package revenue was up 25% YoY for the fiscal year but USPS as a whole still posted a $9.2 billion loss.