USPS Unveils Five-Year Plan Backed by Investment Bank

The U.S. Postal Service released a new 5-year plan last week and said an investment bank, Evercore Partners, helped it analyze its models and assumptions and validated its approach. The plan would see a legislative change to allow it to increase the rate of the First-Class Mail stamp to 50 cents, which would yield approximately $1 billion of incremental revenue, and a reduction to a 5-day delivery schedule, which it says would result in a $2.7 billion annual cost reduction. The postal service said that while the new plan was fundamentally consistent with its approach it has advocated for