Published 6 months ago

US Postal Service reports $6.5 billion net loss for 2023 fiscal year

The U.S. Postal Service reported a loss of $6.5 billion in the fiscal year, falling short of its goal of breaking even.
The loss was attributed to increased operating costs and a decrease in marketing mailers. Operating revenue fell to $78.2 billion, while operating expenses increased to $85.4 billion.
Despite the loss, revenue from shipping and packages increased, with a 1% growth to $31.6 billion. First-Class mail also generated more revenue, reaching $24.5 billion.

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Reuters

US Postal Service reports $6.5 billion net loss for 2023 fiscal year

The U.S. Postal Service on Tuesday reported a $6.5 billion net loss for the 12 months ending Sept. 30 and said it will not breakeven next year as first-class mail fell to the lowest volume since 1968.

6 months ago·United Kingdom

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Washington Times

U.S. Postal Service runs $6.5 billion deficit after predicting it would break even

The U.S. Postal Service on Tuesday said it ran into the red by $6.5 billion in fiscal 2023, which ended on Sept. 30. Operating expense inflation was a big culprit, the federal agency said.

6 months ago·United States

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KRDO

The US Postal Service lost $6.5 billion last year. It predicted it would break even

By Chris Isidore, CNN New York (CNN) — The US Postal Service lost $6.5 billion in its just-completed fiscal year, delivering a blow to the service’s hopes of a financial turnaround. The Postal Service had projected it would break even in the fiscal year that ended September 30, on its way to annual profits this year and going forward. Its results are particularly disappointing because it received a bump in its revenue earlier this year when ship…

6 months ago·Colorado Springs, United States

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KIFI

The US Postal Service lost $6.5 billion last year. It predicted it would break even

6 months ago·Idaho Falls, United States

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New York Post

US Postal Service reports $6.5 billion net loss as first class mail falls to lowest since 1968

6 months ago·New York, United States

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The Epoch Times

US Postal Service Reports $6.5 Billion Net Loss for 2023 Fiscal Year

WASHINGTON—The U.S. Postal Service on Tuesday reported a $6.5 billion net loss for the 12 months ending Sept. 30 and said it will not breakeven next year as first-class mail fell to the lowest volume since 1968. The Postal Service said revenue fell 0.4 percent to $78.2 billion results. U.S. Postmaster General Louis DeJoy said the loss includes $2.6 billion in inflation costs “above what we projected and what we were able to recover … We are not h

6 months ago·New York, United States

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US Postal Service reports $6.5 billion net loss for 2023 fiscal year

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US Postal Service reports $6.5 billion net loss for 2023 fiscal year

US Postal Service reports $6.5 billion net loss for 2023 fiscal year

U.S. Postal Service runs $6.5 billion deficit after predicting it would break even

U.S. Postal Service runs $6.5 billion deficit after predicting it would break even

The US Postal Service lost $6.5 billion last year. It predicted it would break even

The US Postal Service lost $6.5 billion last year. It predicted it would break even

The US Postal Service lost $6.5 billion last year. It predicted it would break even

The US Postal Service lost $6.5 billion last year. It predicted it would break even

US Postal Service reports $6.5 billion net loss as first class mail falls to lowest since 1968

US Postal Service reports $6.5 billion net loss as first class mail falls to lowest since 1968

US Postal Service Reports $6.5 Billion Net Loss for 2023 Fiscal Year

US Postal Service Reports $6.5 Billion Net Loss for 2023 Fiscal Year

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