USPS Chief: Postal Service facing ‘dire’ financial situation

Published February 25, 2021 12:22am ET



Postmaster General Louis DeJoy had blunt words regarding the U.S. Postal Service’s need for significant reform in light of shrinking revenues.

“Our dire financial trajectory, operational misalignment in mail trends, outdated pricing, infrastructure underinvestments, inadequate people engagement, and insufficient growth strategy all demand immediate action,” he said during testimony before the House Committee on Oversight and Reform on Wednesday, noting that he had a “detailed plan” to address these concerns.

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