As USPS institutes network reform, mail delivery hits a 3-year low
2.22.2024 – GovExec.com reports: “Postal management has repeatedly pointed to isolated incidents causing temporary disruptions – rather than any systemic issues – to explain the declining performance, though the trend has now persisted for nearly six months and is causing stakeholders and advocates to question the true root of the problem. USPS is now delivering just 83% of First-Class mail on time during the current fiscal quarter, its worst rate in three years. That is down from 86% in the first quarter and 91% in both the fourth quarter of fiscal 2023 and the same period last year.” – Comments
USPS sees some signs of a turnaround while losing $2 billion during recent busy season
2.08.2024 – GovExec.com reports: “The U.S. Postal Service was $2 billion in the red in the first three months of fiscal 2024 – typically its busiest and most profitable period of the year – doubling its loss from the same period in the previous year. The accelerated losses during the holiday season continue a longstanding trend of poor financial performance for the mailing agency, but mark a troubling sign as its leadership team undertakes significant operational transformations with a promise to right the ship.” – USPS: Our modernization strategies are putting the Postal Service on an upward trajectory – Loss more than double from same period last year – Comments