A release from USPS states that during their 2021 fiscal year, Oct. 1 through Sept. 30, their net loss was $4.9 billion — an improvement compared to the $9.2 billion net loss from 2020.
Delivering for America, a 10-year plan pieced together during 2020 by USPS, targets creating a sustainable, efficient model for mail delivery and service infrastructure.
“Our reach is unparalleled… And yet, our organization is in crisis,” an overview of Delivering for America states. “The Postal Service has recorded $87 billion in financial losses over the last 14 years and failed to meet service standards… Years of chronic underinvestment in our infrastructure and network have taken its toll on our performance and workforce.”
USPS’s response to the pandemic, it continued, was less capable because the persistence of longstanding issues.