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

by: Reuters
11.15.23
Source: The Epoch Times
11/15/2023

United States Postal Service mail vans lined up at the Waltham, Massachusetts mail handling facility this winter.I previously incorrectly identified these vehicles as Grumman LLVs; this was pointed out to me several months after posting this image. There are two LLVs in this image; one at the end of the line of vehicles facing to the left, and one in the back with square taillights. The majority of these vehicles are Ford FFVs, a more modern delivery vehicle. by Sam LaRussa is licensed under Unsplash unsplash.com

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 […]

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