In fiscal year 2024, the United States Postal Service (USPS) reported a net loss of $9.5 billion, an increase from a $6.5 billion loss the previous year, despite a 1.7% rise in operating revenue to $79.5 billion. While shipping and package revenue grew by 2.4%, Priority Mail services experienced a significant decline. USPS faces challenges from inflation, competition, and declining mail volume but aims to improve financial sustainability through its “Delivering for America” plan, which focuses on enhancing package delivery and operational efficiency while maintaining service levels.

Source: https://www.logisticsmgmt.com/article/usps_sees_mixed_earnings_results_among_gains_in_its_shipping_and_packages_group/