Mary Cole
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thread 1/3
Post Office news:
USPS expected to lose $4.5B in fiscal 2023 but actually reported a net loss of $6.5B, thanks in part to declining mail volume, residual effects from previous pricing strategies and inflation. For 2024, USPS projects another net loss of $6.3B.
04:35 PM - Apr 26, 2024
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Mary Cole
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thread 2/3
Meanwhile, total mail & package volume is projected to be 107.2B pieces, down 7.7% year over year.

While 1st-class mail will be down, USPS foresees an increase in package delivery as it aggressively tries to grow its market share in that area.
04:35 PM - Apr 26, 2024
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Mary Cole
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thread 3/3
​In the summer it launched USPS Ground Advantage, which is a cheaper way to ship packages in 2 to 5 business days across the United States.​ (DeJoy's background is here. He's competing with his old competitors.)
04:35 PM - Apr 26, 2024
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Merci Merci Me
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In response to Mary Cole.
Not Louis DeJoy's failed overhaul of the USPS.
Sen. Ossoff Presses USPS Postmaster General Amid Lengthy Delays at Palmetto Distribution Center - YouTube

https://www.youtube.com/embed/Kcza7ra197Q

04:48 PM - Apr 26, 2024
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Mary Cole
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In response to Merci Merci Me.
DeJoy makes me physically ill. I thought Biden finally had the Board representation to remove him. 🤮
04:51 PM - Apr 26, 2024
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