USPS reports second-quarter financial results

May 9, 2024 The Postal Service has reported its financial results for fiscal year 2024’s second quarter (Jan. 1-March 31). Here are some highlights: • Revenue. Total operating revenue was $19.7 billion, an increase of 2.1 percent compared with the same quarter one year earlier. Shipping and packages revenue increased 1.2 percent, First-Class Mail revenue increased…

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USPS OIG Report: Fiscal Year 2024 Peak Mailing Season Preparedness

Background Each year, increased package volume and operational changes during the peak mailing season (peak season) — Thanksgiving through New Year’s Eve — significantly strain the Postal Service’s processing and distribution networks. To help handle this increase, the Postal Service creates peak season initiatives. These preparedness initiatives are meant to help the Postal Service have…

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Postal Service Begins FY24 First Quarter with Consistent Delivery Performance

October 13, 2023 WASHINGTON, DC — The United States Postal Service reported new delivery performance metrics for the first week of the first quarter for fiscal year 2024. The average time for the Postal Service to deliver a mailpiece or package across the nation was 2.5 days. FY24 first quarter service performance scores covering Sept….

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