The U.S. Postal Service posted year-over-year revenue and volume declines for its package shipping services in the first quarter of fiscal year 2026, which ended Dec. 31, according to a news release Thursday.
While USPS Ground Advantage revenue and volume surged by 26.9% and 24.1% year over year, respectively, other segments encompassing services like Parcel Select, Priority Mail and Priority Mail Express experienced steep enough declines to offset that growth.
The Postal Service expects its plan to enable direct last-mile facility access for shippers via a bidding process will help boost revenue, Postmaster General and CEO David Steiner said in prepared remarks. More than 1,200 companies and individuals have requested to join the online bid portal, which “shows the dramatic interest in our last mile,” Steiner said.
It’s unlikely that this “dramatic “ interest is going to erase what is likely a multi billion loss for fiscal 2026. Predicted to run out of cash in a year, Steiner seems to be content to keep steering the ship towards the rocks.
It’s unlikely that this “dramatic “ interest is going to erase what is likely a multi billion loss for fiscal 2026. Predicted to run out of cash in a year, Steiner seems to be content to keep steering the ship towards the rocks.