Mail

Third quarter fiscal year 2025 earnings issued this week by the United States Postal Service (USPS) saw a steeper net loss, at $3.1 billion, than the $2.5 billion reported a year ago, for the quarter.

United States Postal Service (USPS) said that there will be a change coming at the top sooner than later, with USPS Postmaster General Louis DeJoy having notified the Postal Service Board of Governors “it is time for them to begin the process of identifying his successor.”

Operating revenue, at $22.499 billion, increased 4.1%, annually, paced by what the USPS called strategic price increases, as well as a strong political and election mailing season. Net income, at $144 million, marked a solid turnaround, compared a $2.1 billion net loss a year ago, largely driven by various strategic initiatives through the organization’s “Delivering for America” plan. Total quarterly volume, at 31.015 million pieces, rose 1.8% annually.

The resumption marks a return to normal for cross-border deliveries.

The USPS is proposing to move First Class Mail to a 2-3 day standard for contiguous U.S. destinations as part of its plan to counter significant financial losses in recent years.

A week after a Senate committee held a hearing to examine the current state of the United States Postal Service and recent proposals to improve its financial condition, the USPS today announced proposed changes to its network that it said would deliver $3 billion in annual savings.

Ongoing fiscal woes continue to threaten the financial viability of the United States Postal Service, as evidenced by its recently released fiscal year third quarter earnings.