Some of the suggestions to help increase the USPS successfulness include:
- Developing a new pricing model that removes price caps and charges market-based prices for both mail and package items that are not deemed “essential postal services”;
- Modernizing the USPS’s cost standards and cost allocation methodology;
- Pursuing cost-cutting strategies that will enable it to meet the changing realities of its business model;
- Reforming USPS employee compensation in a manner consistent with proposed reforms to the broader federal workforce;
- Restructuring retiree health benefit liabilities with a new actuarial calculation that is based on employees at or near retirement age;
Another one of the suggests says to specify pricing on shipments that are “commercial in nature”. This is talking about companies that you and I order from daily. Like Sephora, Target, Amazon, Etsy, Walmart, etc.
The report doesn’t give a timeline on any the changes that were suggested. But, because the USPS is a government entity, it is fair to assume lawmakers will be involved in future changes.
