Ecommerce Industry News
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 […]
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 […]