"Steiner said the 150-year-old agency needs to expand its revenue base to restore prominence in the nation's delivery network. It also should capitalize on its long-standing legal obligation to deliver to every address. One way it can do that, Steiner said during the Postal Board of Governors meeting in Washington, is by working with more customers to provide final or "last mile" delivery to individual home and businesses, the most expensive and labor-intensive part of delivery."
"He said USPS also wants to open up that program to large and small retailers, offering same-day and next-day delivery. "We've begun discussions with a number of retailers and the desire for fast, reliable and affordable delivery is certainly strong among all retailers," he said. "Our value resides in going to every address six and often seven days a week while offering a remarkable retail and processing footprint.""
USPS faces major financial strain with operating revenue of $80.5 billion but net losses totaling $9 billion, slightly improved from $9.5 billion the prior year. The agency must expand its revenue base and leverage its legal obligation to deliver to every address. Leadership proposes growing by providing last-mile delivery for private carriers and retailers, offering same-day and next-day options and using USPS's six- to seven-day reach and extensive retail and processing footprint. Negotiations are underway with UPS and similar companies, and discussions have begun with a number of retailers. Long-standing restrictions are cited as weighing on the postal service's bottom line.
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