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.




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Reuters

United Kingdom

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.

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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.

Washington Times

The Washington Times LLC

United States

U.S. Postal Service runs $6.5 billion deficit after predicting 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…

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News-Press & Gazette Company

Idaho Falls

Bonneville County

Idaho

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

KRDO

Colorado Springs

El Paso County

Colorado

New York Post

Murdoch family

New York

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

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

The Epoch Times

Epoch Media Group

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

The U.S. Postal Service took a major step backward Wednesday after USPS leaders announced a $6.5 billion loss in fiscal year 2023, falling far short of its initial goal of breaking even.

News World Communications

Washington

District of Columbia

U.S. Postal Service loses $6.5B in 2023 fiscal year

First-class mail drops, stamp prices rise, and a restructuring plan aims to counter losses.

Herring Networks

San Diego

San Diego County

California

Newsmax

Christopher Ruddy

Headline Unavailable

The USPS has been been making efforts to right the ship but so far isn't seeing much return on the belt-tightening.

The Western Journal

Phoenix

Maricopa County

Arizona

US Postal Service Announces $6.5 Billion Loss for 2023 Despite Big Plan to Break Even

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

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