WASHINGTON (Reuters) – The United States Postal Service said on Wednesday it is adopting new service standards that will save the money-losing agency at least $36 billion over 10 years.
USPS has lost more than $100 billion since 2007, including $9.5 billion in the 12 months ending Sept. 30. Outgoing Postmaster Genera Louis DeJoy warned in November that the agency must continue to cut costs or it would face a “government bailout or the end of this great organization as we know it.”
(Reporting by David Shepardson; Editing by Leslie Adler)
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