December 3, 2021 USPS reported mixed results for fiscal year 2021, but fully enacting the Delivering for America plan will help put the organization back in the black, Chief Financial Officer Joe Corbett says in his latest “Dollars and Change” video. For fiscal year 2021 (Oct. 1, 2020-Sept. 30, 2021), total revenue was $77.1 billion,…
By D. Eadward Tree, Chief Arborist – September 12, 2015 The E-commerce Revolution is reverberating throughout the U.S. Postal Service, but not in the destructive manner of other digital disruptions like email, online news, and electronic bill payment. Largely, if not solely, because of online merchants, the agency’s “Shipping and Package” revenue is growing at…
Casual observers may be excused for regarding the U.S. Postal Service as a basket case. They know it reports multibillion-dollar losses, routinely raises postage rates and threatens to cut Saturday delivery and close post offices. They have been annoyed by bored clerks and plagued by deliveries of unwanted junk mail. They have seen fast-delivery services…
