Ecommerce Industry News
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
The USPS reported the results of its most recent quarter, where it saw more of the same: a decline in letter mail alongside growth in package volume. The Postal Service said there was an urgent […]
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 […]