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USPS financial condition “continues to worsen”, reports PRC

June 19, 2024

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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