The US Postal Service (USPS) announced on Tuesday that it was making a profit in the first quarter of the fiscal year, due in part to a surge in deliveries around the holiday.
The USPS said in a statement that more than 1.1 billion packages were delivered during the holiday season, increasing $ 318 million in net revenue for the quarter to December 31. The agency lost $ 748 million in the same period a year ago. Total sales increased 11.1 percent to $ 21.5 billion.
“Our strong parcel volume growth during the holiday quarter shows how dramatically our business and revenue mix is shifting,” said Postmaster General Louis DeJoy
Louis DeJoyDemocrat calls on Biden to fire the postal administration for ‘complicity’ in attempts to reverse election Judge approves deal to speed up ballots in Georgia DeJoy’s calendar released by Postal Service is almost completely redacted.
The USPS is in a highly publicized fiscal hole, a situation that was spotlighted during the 2020 presidential election.
DeJoy, a GOP fundraiser with ties to former President Trump
Donald Trump DOJ asks for resignation of most Trump-appointed US lawyers: Report Trump attorney withdraws request not to hold impeachment trial on Saturday Kinzinger in op-ed calls GOP senators to convict Trump in impeachment process, had tried to cut back on supplies and other services in what he said was an attempt to save money. However, critics said the measures would limit the USPS’s ability to deliver and return mail-in ballots that are now expected to gain strong favor.President Biden
Joe Biden DOJ Dismisses Lawsuit Against Author of Melania Trump Tell-All Book Google Expands Election Security Support for Federal State Campaigns Biden Backs House Democrats Proposed Threshold for COVID-19 Checks MORE.
DeJoy continued to push for wide-ranging changes to the way the USPS operates, saying it still has to make a tough climb to remain consistently profitable.
“While our positive financial results this quarter are certainly welcome, we still face systemic imbalances that make our current business model unsustainable, and the economic ramifications of the COVID-19 pandemic will continue to challenge the organization. It is essential that the Postal Service makes extensive reforms so that we are able to meet the evolving needs of our business and residential customers, and to ensure that we can provide reliable, universal mail and parcel delivery to all Americans, ”said he.