U.S. Postal Service Facing Shut Down

Here’s what happened…

The U.S. Postal Service has now decided to slow down the delivery speed for around one-third of their first-class packages because of a new service which is to take effect on May 1st.

According to Fox Business, the U.S. Postal Service said that 32% of first-class packages will experience a delivery service standard increase by one to two days. The other 64% will remain unaffected.

“Modifying these service standards will allow for additional transport time for long-distance package deliveries and increased network efficiencies. The new FCPS service standards will also enable additional package volume to be transported by surface transportation, which is more reliable and affordable compared to air transportation,” the Postal Service explained.

This decision came after the Postal Service decided to follow their 10-year plan and are aiming to reverse their $160 billion loss which is predicted will happen over the next decade.

“By implementing the elements of our 10-year plan, we will deliver the consistent, reliable service that the American people and our customers expect and deserve and grow package volume, spurring revenue growth that can be invested back into the Postal Service,” Postmaster General Louis DeJoy stated.