Postal Service posts declines in Q2 parcel revenue, volume

The U.S. Postal Service late Tuesday reported fiscal 2022 second-quarter results that included year-over-year declines in shipping and package revenue as e-commerce delivery growth continued to level off.

The Postal Service moved 1.74 billion pieces in the quarter, which ended June 30. That was down from 1.83 billion pieces, or 5%, in the year-earlier period when e-commerce demand was much higher. Shipping and package revenue hit $7.57 billion, down from $7.65 billion, or 1.1%.

Shipping and package revenue accounted for roughly 40% of the Postal Service’s total quarterly revenue of $18.74 billion, up slightly from the fiscal 2021 quarter. Shipping and package volume accounted for about 3% of total volumes in the 2022 quarter. In all, volumes fell 0.7%, or 201 million pieces.

The agency had expected a slowdown in parcel volumes as e-commerce activity abated with the pandemic’s waning effects.


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