[ad_1]
WASHINGTON (AP) — The U.S. Postal Service has lowered its quantity of shipments by plane by 90% over two years, placing the service on track to avoid wasting $1 billion in annual transportation prices, U.S. Postmaster Common Louis DeJoy mentioned Tuesday.
Shifting packages and envelopes from air cargo to floor transportation was a part of DeJoy’s bigger plan to enhance the Postal Service’s monetary well being.
Greater than 95% of first-class mail and 95% of first-class packages are at the moment shifting via the postal service’s floor transportation system, he mentioned.
It’s a part of DeJoy’s broader effort to cut back working prices, improve income from packages, and guarantee well timed deliveries, together with adjusting postage prices to mitigate inflation and increasing supply factors over the following 17 months.
These efforts should proceed after the Postal Service on Tuesday reported a projected $6 billion in unplanned prices this yr due to inflation, surprising retirement prices and different components, he advised the Board of Governors.
“We proceed to handle the prices inside our management, corresponding to by lowering work hours by 6 million hours in comparison with the identical quarter final yr and by specializing in transportation and different working prices,” Chief Monetary Officer Joseph Corbett mentioned.
DeJoy additionally reported that the Postal Service opened its first regional distribution middle in Richmond, Virginia, and plans to open 9 extra regional facilities, 27 native processing facilities and 60 further sorting and supply facilities.
That marks the beginning of eradicating over $20 billion of deferred upkeep and getting ready the Postal Service for the following 30 years, he mentioned.
[ad_2]
Source link
