Tag: transportation expenses

USPS: Second-quarter financial results reported

Posted on by 21cpw

The Postal Service has reported its financial results for fiscal year 2021’s second quarter (Jan. 1-March 31). Here are some highlights: • Revenue. Total revenue was approximately $18.9 billion, up 6 percent compared with the same quarter one year earlier. First-Class Mail revenue decreased by 6.1 percent, while Marketing Mail revenue declined 13.7 percent. Revenue…

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USPS OIG Report: Impact of Pandemic on Postal Service Finances

Posted on by 21cpw

Objective On March 13, 2020, the President of the U.S. issued the national emergency declaration concerning the COVID-19 pandemic (pandemic). During the ongoing pandemic, the U.S. Postal Service provided essential services as part of the nation’s critical infrastructure by continuing to process and deliver mail and packages. The pandemic continues to have an unpredictable impact…

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