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Postal service seeks to retire the old mail truck

U.S. Postal Service
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The U.S. Postal Service has taken the first step toward replacing its long-time mail truck, The Wall Street Journal reports.

An organization already burdened by job cuts and millions in losses despite a reported rise in revenue, the USPS is looking to replace the fleet of trucks first introduced 27 years ago.

According to the newspaper, General Motors is interested in winning the contract for the new fleet, which is reportedly worth more than $5 billion in revenue.

The proposal eyed by General Motors would replace the current fleet of trucks, deemed too small and unsafe, with 180,000 new trucks. The Wall Street Journal reports each truck would "ideally" cost between $25,000 and $35,000.

"Though the existing fleet has served the Postal Service well, it has become expensive to continue to maintain the aging vehicles. More importantly though," USPS spokeswoman Sarah Ninivaggi told The Wall Street Journal, "shifts in consumer trends are driving a lot of factors being considered in a next-generation vehicle."

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Read the full report from The Wall Street Journal here.