A sign of steady decline, the U.S Postal service plans to rent delivery vans as their vehicle fleet continues to age past the point of repair. This agenda reflects the current state of capital funding for the agency, who’s suffered from a cash crunch for several years.
Last year, the agency defaulted twice on payments owed to the federal government. Future retiree health care benefits and rapid decline in sent mail are two of the major contributing factors.
The fleet of delivery vehicles currently owned by the USPS is aging and will cost $6 billion to replace – funds that aren’t available at the moment.