USPS acknowledges some risks to its new, less-staffed holiday season approach
11.28.2023 – GovExec reports: “The seasonal hiring marks a 64% reduction from the employees brought on in 2022 during what USPS calls its “peak season” when the agency made 28,000 temporary hires. The agency had said it would bring on just 20,000 seasonal workers that year, but a recent USPS inspector general report found it reached a higher tally.” – Comments
How the Postal Service’s Finances So Quickly Returned to the Crisis Stage
11.13.2023 – FedWeek reports: “Tomorrow USPS will announce it has lost well over $7 billion for fiscal year 2023. This not only is far worse than expected in April 2022, but significantly higher than the $4.5 billion loss USPS forecast a year ago for fiscal year 2023 while anticipating a “mild recession,” i.e., a far tougher economic environment than occurred.” – CBS: USPS leaders forecast it would break even this year. It just lost $6.5 billion – GovExec: Another year in the red is coming – USPS won’t break even in 2024 – First Class mail drops to lowest since 1968 – PMG DeJoy Remarks to Postal Board of Governors – Postage rate hikes contributing to losses, warns advocacy group – Comments