Mary Cole
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FYI, the USPS expected to lose $4.5 billion in fiscal 2023 but actually reported a net loss of $6.5 billion, thanks to declining mail volume, residual effects from previous pricing strategies and inflation. For 2024, USPS projects another net loss of $6.3 billion.
10:30 PM - May 08, 2024
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Mary Cole
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Meanwhile, total mail and package volume is projected to be 107.2 billion 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. (After all, that's DeJoy's background.)
10:30 PM - May 08, 2024
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Mary Cole
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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. (Info via AARP.)
10:30 PM - May 08, 2024
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