US Postal Service reported $ 17.1 billion in revenue in the third fiscal quarter (April 1, 2019 – June 30, 2019), largely unchanged from the same quarter last year , while experiencing a net loss of nearly $ 2.3 billion.
And while it was no surprise that the volume of letter mail continued to decline, it was particularly noteworthy the reduction in shipping and parcel volume. GovExec.com noted that it was the first quarterly volume decline for packages in nine years, cites USPS chief financial officer Joe Corbett.
"Freight and parcel revenue increased by $ 250 million, or 4.8 percent, despite a 47-million volume decline, or 3.2 percent, compared to the same quarter last year," the USPS reported Friday. [1
A consultant speculated via Twitter that the USPS may raise prices aggressively early next year. Such reactions will only increase the trend and likely reduce shipping and parcel volume as sellers on the web looks for alternatives, while those who remain with the service pay higher prices.
By adding insult to injury, many marketplaces charge the seller for shipping costs, even now Big dealers train consumers to expect orders to come with "free" shipping.
You can find the USPS press release announcing its quarterly results on the USPS website. Here is an overview form included in the release: