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
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 need for legislative and regulatory Read more
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 letter mail, which is the Read more
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 lower-margin Shipping and Packages Read more
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 agency right its finances. Buoyed Read more
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 packages delivered during the 2015 Read more
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 shipping and package volume, the Read more
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 in its history when on Read more
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 retire on Feb. 1, 2015, Read more
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 continued to improve as a Read more
