Fri. Jun 14th, 2024

USPS billions of dollars in the hole

March 6, 2023

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  • The Postal Service is falling behind on its financial goals. USPS reported a more than $1 billion dollar net loss for January 2023 and a more than $2 billion net loss so far for the fiscal year. Both losses are more than twice as bad as what USPS had projected. So far this fiscal year, USPS has seen a more than 5% decrease in its first-class mail volume, compared to the same period last year. But it has seen a 1% increase in first-class mail revenue, after raising rates in July 2022 and January 2023.
    (USPS Financial Information January 2023 – Postal Regulatory Commission )
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