DeJoy’s changes will give USPS its best holiday season performance ever, officials say
11.26.2024 – GovExec reports: “USPS will bring on just 7,500 temporary workers to help the agency complete processing and delivery efforts, with employees having started as early as October and staying on as late as mid-January. That is down slightly from its target of 10,000 hires last year and precipitously from 45,000 in 2021. Postal management has maintained that its efforts to convert nearly 200,000 part-time staff to full-time, career employees over the last several years has mitigated its need to onboard seasonal workers.” – USPS expects billions spent on upgrades will mean better holiday season performance – Comments
USPS sees $9.5B net loss in FY 2024, does not expect to hit ‘break even’ goal next year
11.14.2024 – Federal News Network reports: “The Postal Service is reporting a deeper loss than it’s seen in recent years, and is calling on Congress and the incoming Trump administration to address rising costs that are beyond its control. USPS reported a $9.5 billion net loss for fiscal 2024, despite year-over-year growth in revenue and a reduction in its controllable expenses. The agency saw a $6.5 billion loss in FY 2023.” – GovExec: Another Red Year is Coming – CBS: After two ‘Forever’ postage stamp increases, the USPS lost nearly $10B in 2024 – USPS Reports Fiscal Year 2024 Results – On path to possible bailout? – USPS sees mixed earnings results – Comments