Postal Service Revenue Topped Projections During Pandemic, Lawmakers Say

By Zachary Stieber – June 9, 2020 U.S. Postal Service revenue rose by hundreds of millions of dollars during the COVID-19 pandemic, undercutting warnings the agency would collapse if not given federal funding, a group of lawmakers said. The post office should revise its projections, given that revenue during the first 11 weeks of the…

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USPS: Year-end financial results for FY 2017 reported

The Postal Service has reported its financial results for fiscal 2017 (Oct. 1, 2016-Sept. 30, 2017). Here are some highlights: Total revenue. The organization reported total revenue of $69.6 billion, a decrease of $1.8 billion compared to the prior year. The lower revenues were driven largely by accelerated declines in First-Class Mail and Marketing Mail…

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Home stretch – USPS enters final week of peak season

[maxgallery id=”43207″]USPS delivered millions of packages and other mail Dec. 21, which was expected to be the year’s busiest delivery day. “We have a service to provide,” Charlotte, NC, Letter Carrier Richard Journette told the local NBC station. Journette, a 15-year employee, began his day at 6 a.m. He expected to travel 40-50 miles and…

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USPS OIG Audit Project: How Can the Postal Service Control the Costs of Delivering Growing Package Volume?

The U.S. Postal Service expects its shipping and packages volume to grow 13.1 percent, to 4.5 billion pieces in 2015. The Postal Service welcomes the increased package volume and continues to test different strategies for delivering more packages. However, there are challenges that could increase delivery costs. Our review will assess the Southern Area’s package…

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