The latest financial analysis report from the Postal Regulatory Commission (PRC) has revealed that the financial performance of the United States Postal Service (USPS) has continued to worsen, with a net operating loss of US$2.3bn for the fiscal year 2023.
This is an increase of US$1.8bn on the previous year and, when non-operating expenses are included, brings the overall net loss to US$6.5bn.
According to the report, total factor productivity – a measure of Postal Service efficiency – saw the largest decrease of 4% since it was first calculated in 1965.
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