Mail Volume Continues to Fall as USPS Loses $281M in Q3

Share this content:
The U.S. Postal Service lost $281 million in its third quarter, $80 million less than expected, chief financial officer Richard J. Strasser told the USPS' board of governors yesterday.


Overall mail volume for the quarter, Feb. 23-May 17, is down 1.2 billion pieces, or 2.5 percent below last year's numbers, Strasser said at the board's monthly meeting, being held in Anchorage, AK. Standard Mail volume was down by 738 million pieces, accounting for 60 percent of the total decline. First-Class was down by 231 million pieces.


However, Strasser said, continued success in controlling expenses has helped keep costs down. During the first three quarters, the postal service has trimmed 13,750 career employees and has reduced more than 54 million work hours below last year's level. The USPS said it expects to continue losing mail volume in the fourth quarter.


The board also announced that it has again selected Ernst & Young LLP as its independent auditor.


Sign up to our newsletters

Company of the Week

PAN Communications is an award-winning integrated marketing and public relations agency for B2B technology and healthcare brands. PAN's data-driven approach allows the firm to specialize in public relations, social media, content and influencer marketing, and data and analytics. PAN partners with brands to create unique, integrated campaigns that captivate audiences and drive measurable results. PAN services clients out of the firm's four offices: Boston, San Francisco, New York City and Orlando.

Find out more here »

Career Center

Check out hundreds of exciting professional opportunities available on DMN's Career Center.  
Explore careers in digital marketing, sales, eCommerce, marketing communications, IT, data strategies, and much more. And don't forget to update your resume so employers can contact you privately about job opportunities.

>>Click Here

Relive the 2017 Marketing Hall of Femme

Click the image above