The U.S. Postal Service continues to bleed red ink. In its fiscal 2023 third quarter, which ended June 30, the Postal Service lost $860 million on an adjusted, non-GAAP basis, compared with an adjusted $459 million loss. On a GAAP basis, the net loss was $1.7 billion, compared to net...
The U.S. Postal Service is facing intensifying pressure as it prepares to significantly scale up its efforts to consolidate mail sorting into fewer facilities, with lawmakers in both parties and employees warning of the unintended consequences of the plan. A Republican lawmaker, Rep. Bill Huizenga, R-Mich., recently questioned the consolidation plan's...
The Postal Service no longer teeters on the brink of a crisis. Postmaster General Louis DeJoy is trying to keep it that way. USPS no longer finds itself in the same dire shape it was in at the height of the COVID-19 pandemic. When DeJoy took office in June 2020, the agency was...
Two U.S. Postal Service employees were victims of robbery and assault in incidents in Vineland and Fairfield Township in the last six weeks, prompting the federal agency to post $50,000 bounties on their unidentified assailants. The Postal Service is working a joint investigation with city police in the Vineland incident. It...
You might recall the news in June about U.S. Sen. Tim Kaine’s efforts to get some answers about the desultory mail-delivery situation in Virginia. His May 26 letter to the Postal Service’s government liaison cited complaints fielded from constituents from Southwest Virginia, the Richmond area, Arlington and other locations. One question regarded a...