Looking for loads to haul?

The Postal Service is looking to cut $5 billion from its operating
costs and grow its revenue by the same amount over the next two years to overcome its long-term
financial challenges. Postmaster General Louis DeJoy is telling the White House and Congress that
implementing these plans is necessary to keep USPS from running out of cash in the coming years.
DeJoy, in a January 10 letter obtained by Federal News Network, told President Joe Biden and
congressional leaders that USPS is “utilizing all of the self-help tools that are available to us,” and trying
to get back on track with its “break-even” goal, after years of billion-dollar net losses. To increase
revenue, USPS is looking to grow its package business that competes with private-sector shippers by at
least $3 billion. DeJoy said the Postal Service will cut $1 billion in retail and delivery costs by “right-
sizing” workhours, and accelerating the rollout of Sorting and Delivery Centers (S&DCs). The agency also
plans to cut another $1 billion from local transportation costs, by optimizing delivery routes and
“decreasing thousands of underutilized local trips a day.”