In what turned out to be a financially noisy fiscal 2022, the U.S. Postal Service on Thursday reported that operating revenue rose nearly 2% year over year to $78.5 billion, while volume dropped 1.2% due primarily to a 5.3% decline in shipping and package volumes.
The noise came on the bottom line, where the Postal Service reported net income of $56 billion, due almost exclusively to a $57 billion one-time noncash benefit from the landmark Postal Service Reform Act enacted in April. In its 2021...
https://www.freightwaves.com/news/postal-service-posts-small-full-year-revenue-gains-volume-falls