Postal Service Misjudged Savings From Downsizing Facilities

The Postal Service’s downsizing of its postal network did not help to save as much money as it hoped. The agency’s inspector general said USPS consolidated more than 200 facilities between 2011 and 2015, and reduced its first-class mail standards. However, those moves only saved it $91 million in fiscal 2016 and 2017 when they were expected to save $1.6 billion. Postal management hopes to eventually achieve the full savings, but the IG doubted it would. (U.S. Postal Service Office of Inspector General)

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Eric White