USPS Falling Behind On Financial Goals For FY 2023; Doubles Projected Losses

The Postal Service, as it moves ahead with plans to make long-deferred upgrades to its vehicle fleet and delivery network this year, is falling behind on its financial goals for the year.

USPS, in a recent filing to the Postal Regulatory Commission, reported more than a $1 billion net loss for January 2023, and a more than $2 billion total net loss since the start of fiscal 2023.

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Jory Heckman