The U.S. Postal Service (USPS) has proposed a plan to save money by delivering packages faster, changing the delivery time of its First Class Parcel Service (FCPS) to two to five days based on distance, instead of the current three days for the entire continental United States.
If the plan is approved, the Postal Service will move more packages by truck instead of by plane, which it says is more reliable and affordable, will help improve on-time delivery rates and lower shipping costs for senders. In a statement, the Postal Service said: "This change enables us to better leverage our existing land transport network, which currently averages about 40 percent full truck capacity. By moving more packages from air to land, we will improve service reliability, increase efficiency and reduce costs."
The change is another step in the Postal Service's 10-year plan to balance its loss-making books. The move follows the Postal Service's announcement in May that it was seeking regulatory approval to raise the price of first-class mail to 58 cents from 55 cents effective Aug. 29.