February 9, 2023 The Postal Service has reported its financial results for the first quarter of fiscal year 2023 (Oct. 1-Dec. 31, 2022). Here are some highlights: • Revenue. Operating revenue was $21.5 billion, an increase of 1 percent compared with the same quarter last fiscal year. Shipping and packages revenue increased 2.4 percent, and…
Background The U.S. Postal Service holds its cash in the Postal Service Fund with the Federal Reserve Bank of New York and, traditionally, has invested its excess cash in highly liquid, overnight investments (Overnight Treasuries) issued by the U.S. Department of Treasury (Treasury), where interest rate changes are more pronounced than in longer-term investments. Postal…
December 28, 2022 The Postal Service recently released its Annual Report to Congress for fiscal year 2022 — the first full year under the Delivering for America plan. Highlights of the report, which covers Oct. 1, 2021-Sept. 30, 2022, include: 127.3 billion mailpieces delivered to nearly 165 million addresses; A 2.3 percent increase in total…
Dec. 23, 2022 WASHINGTON — The United States Postal Service reported new delivery performance metrics for the 11th week of the first quarter for fiscal year 2023. The average time to deliver a mailpiece or package across the postal network was 2.5 days for the eighth consecutive week even as mailing and shipping traffic increased….
August 25, 2022 Postmaster General Louis DeJoy visited USPS facilities in Texas and Louisiana recently to meet with employees and customers and update them on the Delivering for America plan. DeJoy discussed the Postal Service’s steady progress in service performance, as well as improvements to the organization’s processing and delivery network. He also highlighted the…
August 12, 2022 The Postal Service today announced it is ending all open area mail processing (AMP) studies to consolidate mail processing facilities. This process ramped up in 2011 with hundreds of facilities being studied for consolidation. Currently, 57 AMP studies are still open, and these open studies will be ended. The Postal Service is…
July 28, 2022 Postmaster General Louis DeJoy participated in an event this week in Washington, DC, to discuss the reinvigoration and transformation of the Postal Service. DeJoy focused on the organization’s progress under the Delivering for America plan, including ongoing improvements to the USPS processing network and transportation strategies. He also highlighted efforts to…
July 5, 2022 Postmaster General Louis DeJoy updates employees on the Delivering for America plan in his latest video message. Topics include the organization’s steady progress in service performance and upcoming significant improvements to the processing and delivery network and USPS transportation strategies. The video, released July 5, is available on Link and other postal…
