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…

 Continue reading

Service Performance Holds as Postal Network Continues To Operate Smoothly

December 16, 2021 USPS has accepted 6.5 billion mail pieces and packages for delivery since Nov. 25 Average days to deliver a mailpiece across the network: 2.7 days WASHINGTON, DC — The United States Postal Service reported new service delivery performance metrics showing service performance holding for First-Class Mail, Marketing Mail and Periodicals through the…

 Continue reading

GAO Report: USPS Volume, Performance, and Financial Changes since Onset of COVID-19

Published: Apr 29, 2021 What GAO Found In 2020, the majority of which was affected by the COVID-19 pandemic, the U.S. Postal Service (USPS) experienced a 9 percent drop in total mail volume when compared to 2019. The overall drop was primarily due to a 4 percent dip in First-Class Mail and a 14 percent…

 Continue reading

USPS: Year-end finances reported – $9.2 billion net loss

The Postal Service has reported its financial results for fiscal year 2020 (Oct. 1, 2019-Sept. 30, 2020). Here are some highlights: • Revenue. Operating revenue was $73.1 billion, up 2.8 percent from the previous fiscal year, driven by a 25.3 percent increase in shipping and package revenue. First-Class Mail revenue fell 2.7 percent, while Marketing…

 Continue reading

USPS Chief Financial Officer discusses financial effects of pandemic

The coronavirus pandemic is having “a significant negative impact” on the Postal Service’s finances, Chief Financial Officer Joe Corbett reports in his latest “Dollars and Change” video. The pandemic has dramatically accelerated mail volume declines. Although USPS has seen an increase in its package business because more consumers are staying home and having products shipped…

 Continue reading

USPS OIG Report: Manual Letter Processing Operations at Industry P&DC

Background This report presents the results of our self-initiated audit of manual letter processing operations at the Industry Processing and Distribution Center (P&DC) in the City of Industry, CA. We conducted this audit to provide U.S. Postal Service management with timely information on operational risks at the Industry P&DC. The Industry P&DC is in the…

 Continue reading

USPS releases holiday volume projections

The Postal Service will deliver more than 28 million packages per day from Dec. 16-21, and the organization will average 20.5 million packages per day through the rest of the year, new projections show. USPS anticipates it will deliver 800 million packages between Thanksgiving and New Year’s Day — more than any other shipper, according…

 Continue reading

USPS OIG Report: MODS Errors and Adjustments

Objective The Management Operating Data System (MODS) is a web-enabled application that provides a systematic approach to gathering, storing, and reporting data on workload, workhours, and machine utilization by operation number and facility type. The Postal Service uses MODS data to plan workload, project workhours and mail volume, track mail processing activities, evaluate the efficiency…

 Continue reading