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U.S. Postal Service reports $6.5 billion fiscal year loss, 11.4% volume decline of marketing mail Earnings reports 

U.S. Postal Service reports $6.5 billion fiscal year loss, 11.4% volume decline of marketing mail

The U.S. Postal Service announced its financial results for the 2023 fiscal year ended Sept. 30. The net loss totaled $6.5 billion, compared to net income of $56.0 billion for the prior year. The net income last year was due primarily to the one-time non-cash impact of the Postal Service Reform Act (PSRA) in April 2022 and the results this year were... Read More
USPS mail performance outpacing last holiday season News 

USPS mail performance outpacing last holiday season

The United States Postal Service reported new delivery performance metrics for the ninth week of the fiscal year 2023 first quarter. For the sixth consecutive week, the average time to deliver a mailpiece or package across the postal network was 2.5 days. FY23 first quarter service performance scores covering Oct. 1 through Dec. 2 included: First-Class Mail: 91.9 percent of First-Class... Read More
USPS begins third quarter with 94 percent first-class mail delivered on time for two consecutive weeks News 

USPS begins third quarter with 94 percent first-class mail delivered on time for two consecutive weeks

The United States Postal Service reported new delivery performance metrics through the first week of the fiscal third quarter. For the week ending April 8 and the second consecutive week, First-Class Mail on-time delivery performance was 93.9 percent. Through the first week of the third quarter, the average time for delivery of a mailpiece across the postal network was 2.4... Read More
U.S. Postal Service reports first quarter fiscal year 2022 results Earnings reports News 

U.S. Postal Service reports first quarter fiscal year 2022 results

The U.S. Postal Service announced its financial results for the first quarter of its fiscal year 2022 (Oct. 1, 2021 – Dec. 31, 2021), reporting an adjusted loss of approximately $1.3 billion for the quarter, compared to an adjusted loss of $288 million for the same quarter last year. Adjusted loss excludes non-cash workers’ compensation adjustments for the impacts of... Read More
USPS ends quarter with strong service performance News 

USPS ends quarter with strong service performance

The U.S. Postal Service reported service delivery performance scores through the end of fiscal fourth-quarter showing the strongest quarterly performance of the year for all First-Class, Marketing and Periodical mail categories. Quarter-to-date service performance data for July 1 through Sept. 30 included: First-Class Mail: Delivered 88.0 percent of First-Class Mail on time against the USPS service standard, an improvement of 0.6... Read More
USPS reports fiscal fourth quarter delivery improvements News 

USPS reports fiscal fourth quarter delivery improvements

The U.S. Postal Service (USPS) reported updated fiscal fourth-quarter service delivery performance showing improvements versus the third quarter ended June 30 for all First-Class, Marketing and Periodical mail categories. Quarter-to-date service performance data for July 1 through Sept. 24 included: First-Class Mail: Delivered 88.1 percent of First-Class Mail on time against the USPS service standard, an improvement of 0.6 percentage points... Read More
USPS reports service performance improvements News 

USPS reports service performance improvements

The U.S. Postal Service reported updated fiscal fourth-quarter service delivery performance that showed continued improvements versus the third quarter ended June 30 across all First-Class, Marketing, and Periodical mail categories. Quarter-to-date service performance data for July 1 through Aug.20 include: First-Class Mail: Delivered 88.8 percent of First-Class Mail on time against the USPS service performance standard, an improvement of 1.3 percentage... Read More
USPS reports improved delivery performance in third quarter News 

USPS reports improved delivery performance in third quarter

The U.S. Postal Service provided updated third-quarter service performance data through the week of June 25th which shows consistent and improved delivery performance across all First-Class, Marketing and Periodical mail categories since the second quarter, the agency said. Performance numbers below include the weeks of April 1 through June 25: First-Class Mail: 87.5 percent of First-Class Mail delivered on time... Read More
USPS filed notice requesting 6.9 percent postal rate increases News 

USPS filed notice requesting 6.9 percent postal rate increases

The United States Postal Service (USPS) filed notice with the Postal Regulatory Commission (PRC) requesting price changes to take effect Aug. 29, 2021, in accordance with approvals provided by the PRC last year. The complete Postal Service price filings with prices for all products can be found on the PRC site. The proposed price changes would raise overall Market Dominant... Read More
USPS announces next phase of organizational changes News 

USPS announces next phase of organizational changes

The United States Postal Service (USPS) announced the next phase of its organizational changes, including district consolidations, centralization of marketing functions, and realignment of Logistics and Processing Operations, claiming these changes will drive efficiencies and better decision-making. Postmaster General and CEO Louis DeJoy provided details of the next phase of organizational changes he first announced in August 2020: District Consolidation... Read More
U.S. postal service reports first quarter fiscal 2019 results Earnings reports Press releases 

U.S. postal service reports first quarter fiscal 2019 results

Revenue of $19.7 billion, up 2.9 percent over the same quarter last year Net loss of $1.5 billion Return to financial stability requires legislative and regulatory changes, along with aggressive management actions WASHINGTON — The U.S. Postal Service reported total revenue of $19.7 billion for the first quarter of fiscal 2019 (October 1, 2018 – December 31, 2018), an increase of $553 million,... Read More
U.S. Postal Service reports fiscal year 2018 results News 

U.S. Postal Service reports fiscal year 2018 results

Overall volume decline of 3.2 billion pieces Net loss of $3.9 billion Urgent need to advance legislative and regulatory reforms, along with continued aggressive postal management actions to generate new revenue and control costs Washington, D.C. – The U.S. Postal Service reported operating revenue of $70.6 billion for the fiscal year 2018 (October 1, 2017 – September 30, 2018), an... Read More
PRC approves proposed USPS rate changes News Press releases 

PRC approves proposed USPS rate changes

WASHINGTON – November 15, 2018 – The Postal Regulatory Commission issued Orders 4875 and 4876 approving the Postal Service’s planned rate adjustments for both Market Dominant products and Competitive products respectively. Rate increases for Market Dominant products must meet certain statutory and regulatory requirements, the most prominent of which is that such increases be no greater than the rate of inflation,... Read More