The U.S. Postal Service on Thursday reported that revenue in its fiscal 2023 first quarter, which included the holiday season, rose 1% over year-earlier levels to $21.5 billion, while total volumes declined 4.8% to 1.7 billion pieces.
Shipping and packages revenue rose 2.4% to $8.8 billion, up from $8.637 billion in the year-earlier period. Shipping and package volume fell 3.5%, or 70 million pieces, compared with the same period a year ago.
The falloff reflects a continued drop in e-commerce...
https://www.freightwaves.com/news/postal-service-posts-net-loss-small-revenue-gain-in-fiscal-q1