The USPS reported this week its operating revenue was down less than 1 percent in the first quarter (October 1 – December 31, 2021) compared to the same quarter last year. However, of interest to online sellers: Shipping and Packages Read more
The USPS implemented surge-pricing during the 2020 holiday season that helped it grow revenue in the last three months of the year – its first quarter of fiscal year 2021 ending September 30. The US Postal Service reported 25% year-over-year Read more
The USPS was already seeing declining Mail and increasing Package volume, and in the second half of its fiscal year 2020, it saw those trends accelerate due to the pandemic. The US Postal Service reported its financial results for its Read more
Postmaster general says sorting machines removed to free space for packages, supports six-day delivery When the U.S. Postal Service began decommissioning and removing mail sorting machines earlier this year, the agency was simply executing on a plan to free up Read more
Just because the United States Treasury is requiring the USPS to provide information about confidential negotiated contracts with its top customers doesn’t mean the USPS is ceding control, the Postal Service indicated in a statement on Thursday. Congress authorized the Read more
Congress authorized the USPS to borrow $10 billion from the US Treasury Department as part of the CARES Act (the Coronavirus Aid, Relief, and Economic Security Act). But in negotiating the terms, the Treasury Department attached some significant strings, including Read more
The USPS cited an urgent need for legislative and regulatory reforms as it reported its financial performance for fiscal year 2019, ending Sept. 30th. While management said it made progress in containing costs, it said returning the Postal Service to Read more
The US Postal Service reported revenue of $17.1 billion in its 3rd fiscal quarter (April 1, 2019 – June 30, 2019), essentially unchanged compared to the same quarter last year, while it experienced a net loss of nearly $2.3 billion. Read more
The USPS reported revenue of $17.5 billion in its quarterly report today, essentially unchanged compared to same quarter last year; a net loss of $2.1 billion; and a similar pattern of declining mail volume and increasing package volume. “First-Class Mail Read more
The US Postal Service saw a 2.9% increase in revenue in the first fiscal quarter of 2019, year-over-year, to $19.7 billion. The USPS had a net loss of $1.5 billion for the quarter, however. Shipping and Packages revenue increased by Read more
