USPS releases yearly report to Congress
The report also includes introductory comments from Postmaster General Louis DeJoy and Roman Martinez IV, the USPS Board of Governors chairman during fiscal 2024
fiscal year 2024
USPS reports third-quarter financial results
“Despite inflationary headwinds impacting our costs, we remain committed to finding a path to return the Postal Service to long-term financial sustainability.”
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 … Read more
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 … Read more
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. … Read more