The U.S. Postal Service turned a profit of $144 million during its busiest season of the year, operating in the black for the first time since the height of the COVID-19 pandemic.
Postmaster General Louis DeJoy celebrated the achievement and attributed the success to changes he has implemented to cut costs, bring in new business and make the postal network more efficient. The profitable first quarter of fiscal 2025—from Oct.1 through Dec. 31—marks a stark departure from the same period in fiscal 2024, when USPS lost $2 billion.
“Our future is bright,” DeJoy said on Thursday. “We are on the right path. We can compete with the best. We can achieve financial solvency. And we can create a network that is integrated, modern, and performance based.”
