Ecommerce Industry News
USPS revenue declined by $1.8 billion to $69.6 billion for the fiscal year 2017, which runs from October 1, 2016 through September 30, 2017. The pattern of declining mail and increasing packages continued. Volume for […]
The USPS saw flat revenue growth in its third fiscal quarter compared to the same quarter last year. The agency noted it saw lower volumes of First-Class Mail and Marketing Mail and continued growth in […]
The US Postal Service has weathered another rough quarter, reporting a net loss of $1.6 billion in the three-month period ending June 30 as it renews its appeal to Congress for legislation to help the […]
The US Postal Service reported first quarter results for fiscal year 2016 on Tuesday (October through December 2015). Operating revenue grew 3 percent year over year to $19.3 billion, driven by the record volume of […]
Top officials at the U.S. Postal Service are looking to the shipping and Standard Mail lines of business to help the cash-strapped agency offset sustained declines in First Class Mail. Buoyed by double-digit growth in […]
The U.S. Postal Service delivered 524 million packages in December, 18% higher than last year and exceeding its holiday delivery projections. It also broke a record for the most packages delivered in a single day […]
The U.S. Postal Service on Friday reported its eighth consecutive annual loss, appealing to Congress for comprehensive reform legislation ahead of a shakeup in the agency’s leadership. Postmaster General Patrick Donahoe announced his intention to […]
The U.S. Postal Service ended the June 30, 2014, quarter with a net loss of $2.0 billion, compared to a net loss of $740 million for the same period last year. The agency said revenue […]
After another quarter with losses in the billions, the U.S. Postal Service is once again urging Congress to enact legislation that would free the agency to adjust its operating schedule and move to five-day weekly […]
Even as the U.S. Postal Service reported another sizable quarterly loss, officials highlighted the bright spots of the business – particularly shipping services – and hailed the advance of a bill in the Senate that […]