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THE American postal service (USPS) is currently in the midst of a major organizational overhaul - and customers have certainly brought the weight. In March 2021, the USPS unveiled its 10 years Deliver for America (DFA) Plan, which is dedicated to withdraw the agency from financial ruin and put it back on the path of sustainability. This initiative has already struck customers with several mail changes, in particular multiple price increases and the slower delivery service. But we are still in the first stages of this long -term transformation, and the agency's post office warns future postal adjustments. Read the rest to know why he says that USP will have to be "more aggressive" in the future.

Read this then: USPS makes more changes to your mail, from Sunday .

The USPS recently published an overview of the second year of its undergoing transformation. Posted on April 17, the Second year progress report Details The results of various strategies and initiatives implemented by the agency in the past year thanks to its DFA plan. According to the report, the postal service has accomplished by several milestones in the past year. These include improved service performance with 95.6% of the packages delivered in time during the 2022 fiscal year, the creation of six new sorting and delivery centers, and a daily capacity for processing daily packages thanks to The installation of 249 new American package process machines.

"While we are entering the third year of our delivery plan for America, there is new energy and dynamism at the American postal service", postmaster general Louis Dejoy said in a press release. "While I travel the nation to meet the great men and women of the postal service, it is clear that the investments we make are chargeable - and this shows our improved delivery for the American people and our commercial customers. The progress that we "in the past two years demonstrates that our plan is realistic and achievable. We are just beginning. "

However, last year did not go as well as the postal service expected in all areas. During a May 9 Governors' Council meeting Dejoy said the agency had decreased its financial losses provided for at 10 years over 160 billion dollars to around $ 70 billion. But it is still "not where we want to be," he recognized. According to Original DFA plan , the USPS expected to start breaking even on its annual finances at the start of the 2023 fiscal year.

But the agency has not yet achieved positive results on net income. The postal service has just reported a Net loss of $ 2.5 billion For the second quarter of this year - which is actually higher than its losses in the same quarter of 2022. "We continue to focus on the achievement of financial results for the period of 10 years, although inflationary and economic conditions, As on administrative obstacles have proven to be difficult, "said Dejoy in a separate declaration on his financial results in the second quarter.

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Financial results are negatively impacted due to "declines of mail volume, operational information and high retirement expenses", according to the postal service. Consequently, Dejoy warns that the USPS will have to increase the pace in which it brings changes to achieve long -term financial objectives of its transformation to 10 years.

"Not achieving our short -term financial objectives as specified in the DFA is not taken lightly," said Dejoy at the May 9 meeting. "We will take more aggressive actions to get back on the right track to overcome unforeseen things in our DFA forecasts."

After increasing prices in January, the USPS has already announced its intention to Hiking For customers again this year in July. But you can expect these increases to continue beyond this summer, because Dejoy indicated that one of the "unforeseen questions" that it must overcome is "the inflationary costs incurred which exceeded" its forecasts "its forecasts" DFA. AE0FCC31AE342FD3A1346EBB1F342FCB

"We manage the costs under our control, such as the reduction in working hours of 7 million hours compared to the same quarter last year," said the USPS financial director Joseph Corbett said in a press release. "However, price increases are necessary to try to compensate for the drop in mail volumes and inflation. Despite these increases, our prices are among the most affordable in the world."

In the second -year DFA stage report, the USPS said it would implement two rate changes each year in the future - one in January and the second in July. "These rate changes will help alleviate the years of price imbalances and compensate for our exposure to inflation," said the agency. "At the end of the transformation and modernization of DFA at 10 years, we expect our new pricing policy to generate $ 44 billion in additional income."