WASHINGTON, DC – The United States Postal Service Board of Governors today announced its unanimous approval of an adjusted Fiscal Year 2024 budget for the Postal Regulatory Commission.
" the USPS said it would have lost $1.8 billion in fiscal 2024, compared with a loss of more than $2.2 billion a year earlier. Revenue rose 1.7% to $79.5 billion in the most recent fiscal year.
As this announcement has become reality, fiscal year 2024 represents the largest quantity of planned deployments in the Postal Service’s history, with over 27,000 new vehicles to be acquired. So far, the Postal Service has received 19,400 of the 27,000 vehicles p...
It reported a loss of $9.5 billion in the fiscal year 2024, (up from the $6.5 billion loss from last year). Therefore, USPS leaders believe the new rates will keep the service competitive and will provide the agency with revenue. The long-term strategy USPS’s financial challenges and ...
USPS projected it would slash another 25 million work hours in fiscal 2024. It ended the year with $21 billion in cash, but due to the ongoing costs of its reforms it willcontinue to borrow moneythis year. The Postal Service must find a way to hold the line on ...
DeJoy, who has argued that the overhaul was essential to stop the financial bleeding and put the USPS on the road to profitability. Under hisplan, which heintroduced in 2021, the agency had been projected to reach a break-even point in fiscal year 2023 and begin turning a profit in 2024...
AnchorSoftware:RT @USPS: USPS reported new delivery performance metrics for the first week of the third quarter for fiscal year 2023. The average time for… by AnchorSoftware Plano, TX 2023-04-18 14:15:00 UTC/GMT. 🐤 Go to Tweet 👉 (1648314183656828928) ...
United States Postal Service (USPS): Net loss of US$1.7 billion and net revenue of US$59.7 billion in the third quarter of the fiscal year. The adjusted net loss for the third quarter was US$860 million, compared to a loss of US$459 million for the same period last year. Total ...
We’re very social. You can connect with us in many ways, including: Facebook|X|Instagram|LinkedIn|YouTube|Podcast #POSTALPROUD Unless otherwise noted, all figures are based on the Postal Service’s 2023 fiscal year (Oct. 1, 2022 through Sept. 30, 2023).Trademarks...
This statistic depicts the total assets of the United States Postal Service (USPS) between the fiscal years 2000 and 2021.