The U.S. Postal Service (USPS) has revealed a strategy to bolster the agency's financial and service performance over the next 10 years.
USPS said Tuesday its “Delivering for America” plan aims to achieve performance progress while keeping the six-day mail delivery system and augmenting the seven-day package delivery service.
This effort seeks to generate $24 billion in net revenue from delivery services and enable a $40 billion investment in vehicle, facility and workforce improvements.
Louis DeJoy, postmaster general and CEO at USPS, said the plan will require investments, cost reduction efforts and various strategies that would help the service keep up with future challenges.
The plan would also involve regulatory and legislative changes related to USPS' pricing, health benefits and self-help initiatives.
“The Board challenged Postal management to devise a plan that was firmly rooted in our public service mission to bind the nation together,” said Ron Bloom, chairman of USPS' board of governors.