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.
Megan J. Brennan
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.
When I worked for DMA, one of the main talking points its leadership reminded us of was how important direct mail was for preserving the USPS for Americans. It appears as though that talking point may have had some basis in reality. While the First-Class mail letter volume continues to fall, commercial First-Class mail volumes are slightly increasing. In other words, direct mailers are helping buoy USPS, says the Office of Inspector General.