USPS

Following a February 18 announcement by the United States Postal Service (USPS), which stated that Postmaster General Louis DeJoy notified the Postal Service Board of Governors to begin the search for “identifying his successor,” DeJoy announced yesterday that March 24 would be his last day in the role.

Various reports published last week highlighted a letter sent to Congress by United States Postal Service (USPS) Postmaster General Louis DeJoy indicating that the USPS is eyeing cutting 10,000 employees through a voluntary retirement program, which the USPS announced in January, in the coming weeks, coupled with the USPS saying it will work with the White House’s Department of Government Efficiency (DOGE).

Soon after United States Postal Service (USPS) Postmaster General Louis DeJoy notified the Postal Service Board of Governors “it is time for them to begin the process of identifying his successor” on February 18, reports surfaced late last week that the White House intends to make major changes to the organization.

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.”

Late last week, President Donald Trump inked an executive order that will take steps, albeit temporarily, to reinstate the de minimis treatment, which allows goods under $800 sent from China to the U.S. to not be subject to tariffs. The de minimis treatment being reinstated came shortly after in the executive order, entitled “Amendment to Duties Addressing the Synthetic Opioid Supply Chain in the People’s Republic of China.”

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.

Not long after announcing it would no longer accept international inbound mail and packages from China and Hong Kong posts, in the United States Postal Service (USPS) reversed course today, saying that in conjunction with Customs and Border Protection (CBP) the parties are, “working closely together to implement an efficient collection mechanism for the new China tariffs to ensure the least disruption to package delivery.

In its data on millions of parcels shipped during this period in 2024, ShipMatrix found that the on-time performance (OTP) for the three national carriers—FedEx, UPS, and the United States Postal Service (USPS), came in at 91.8% for FedEx, 96.5% for UPS, and 90.4 for USPS.

Quarterly consolidated revenue, at $25.3 billion, rose 1.5% year-over-year, while adjusted earnings per share, at $2.75, increased 11.3% annually. Consolidated quarterly operating profit, at $2.9 billion, grew 18.1% year-over-year. For the full year of 2024, UPS reported total revenue of $91 billion, marking a modest 0.1% annual gain, though total operating profit of $8.468 billion decreased by 7.4% compared to 2023.

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

Combined on-time performance (OTP) for all domestic parcel services for the three carriers using end-of-day delivery, for express and an extra day, hit high levels, respectively, with FedEx at 98.7%, UPS at 98.9%, and the USPS at 98.7%, reported ShipMatrix.

As of January 1, USPS said it will no longer offer discounted rates through negotiated service agreements (NSA) for packages entered by consolidators at Post Office delivery units.

The changes would raise prices by 3.2% for Priority Mail and Priority Mail Express, 3.9% for USPS Ground Advantage, and 9.2% for Parcel Select. The price of a First-Class stamp will remain unchanged.

Operating revenue, at $79.5 billion, was up $1.4 billion, or 1.7%, annually, and USPS incurred a net loss of $9.5 billion, compared to $6.5 billion loss a year ago. Total volume, at 112,489 million pieces, was off 3.2% annually.

While inflation may be on the decline, that certainly hasn’t stopped consumers from looking for deals. That sentiment is also true when looking at how parcel services providers are seeing more customers opting for cost-effective ground delivery options—as opposed to more expensive express delivery options.