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Tag: USPS financials

USPS Quarter: Total Volume Down, Revenue Flat

February 8, 2022February 8, 2022 Ina Steiner
USPS

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 […]

2 CommentsNews, ShippingLouis DeJoy, USPS, USPS financials, USPS quarterly financials

USPS Holiday Rate-Hike Helped End-of-Year Revenue

February 9, 2021February 9, 2021 Ina Steiner
USPS

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 […]

4 CommentsNews, ShippingLouis DeJoy, Postal legislation, Postal reform, USPS, USPS Fairness Act, USPS financials

Pandemic Accelerates USPS Mail and Package Trends

November 13, 2020November 13, 2020 Ina Steiner
USPS

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 […]

3 CommentsNews, Shippingcoronavirus, Joseph Corbett, Louis DeJoy, USPS financials

Postmaster General Indicates Packages Are Priority Mail

August 24, 2020August 24, 2020 Kenneth Corbin
USPS

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 […]

2 CommentsNews, ShippingLouis DeJoy, USPS, USPS financials

USPS Says Treasury Is Not the Boss of Me

July 30, 2020July 30, 2020 Ina Steiner
USPS

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 […]

3 CommentsNews, ShippingCARES Act 2020, Treasu, USPS, USPS financials

USPS Agrees to Treasury Loans with Stunning Strings Attached

July 29, 2020July 29, 2020 Ina Steiner
USPS

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 […]

7 CommentsNews, ShippingLouis DeJoy, Treasury Department, USPS, USPS financials

USPS Urges Reforms as Volume Down, Revenue Up in FY 2019

November 14, 2019November 14, 2019 Ina Steiner
USPS

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 […]

4 CommentsNews, ShippingMegan Brennan, USPS financials

USPS Sees Decline in Shipping and Package Volume

August 9, 2019August 10, 2019 Ina Steiner
USPS

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 […]

4 CommentsNews, ShippingUSPS, USPS financials

USPS Reports Flat Revenue and Same Old Volume-Growth Patterns

May 10, 2019May 10, 2019 Ina Steiner

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 […]

4 CommentsNews, ShippingPostal legislation, USPS, USPS financials

USPS Sees Revenue Rise but Net Loss for First Fiscal Quarter 2019

February 8, 2019February 8, 2019 Ina Steiner
USPS

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 […]

1 CommentNews, ShippingUSPS, USPS financials

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