The U.S. Postal Service reported operating revenue of $71.1 billion for fiscal year 2019, an increase of $514 million compared to the prior year. The higher revenues were driven largely by price increases and continued growth in the shipping and packages business, which more than offset revenue declines in first-class and marketing mail.
Megan J. Brennan
The U.S. Postal Service (USPS) reported total revenue of $17.1 billion for the third quarter of fiscal 2019 (April 1, 2019 - June 30, 2019), an increase of $16 million, which is essentially flat compared to the same quarter last year.
The U.S. Postal Service reported total revenue of $19.7 billion for the first quarter of fiscal 2019 (Oct. 1, 2018 - Dec. 31, 2018), an increase of $553 million, or 2.9%, compared to the same quarter last year.
During the opening session of the National Postal Forum in Baltimore, the postmaster general revealed a new feature, Informed Delivery.
USPS could see First Class stamp prices return to 49 cents if the full Congress votes in a measure approved in a House committee on Tuesday.
Sunday marks an important date for e-commerce marketers: USPS shipping rates are going up. The date may have seemed a long way off before the holiday rush, when package senders first learned Priority Mail fees would rise about 9.8 percent. After all, about 15 billion mail pieces and packages needed to be delivered by the new year. But the day of reckoning is here.