USPS Release / PostCom Bulletin
In its most recent financial report, the Postal Service posted a significant net loss as volume declines continue. Consistent with recent trends, the Postal Service reported significant declines in market-dominant product volumes, contributing to disappointing financial results for the month of July 2023. Competitive product volumes ticked up slightly, but overall postal volumes were down more than eleven percent for the month, and nearly nine percent year-to-date. With two months remaining in the 2023 fiscal year the Postal Service posted a net loss of $549 million for the month. That result improves upon 2022 performance, but greatly exceeds the planned loss of $442 million.