Postal Service plans Sunday delivery, still losing money

WASHINGTON — Nearly all of on-line orders are delivered by the U.S. Postal Service, and its package deal supply enterprise rose by double digits in fiscal 2017, nevertheless it nonetheless misplaced cash on a continued decline in letter quantity.

It says it expects one other busy vacation season and as soon as once more plans Sunday supply in main cities.

The U.S. Postal Service posted a $2.7 billion loss for its fiscal yr ending Sept. 30, down from a $5.6 billion loss in fiscal 2016. Fiscal 2017 income was $sixty nine.6 billion, down from $seventy one.four billion.

The Postal Service’s package deal supply quantity rose by 589 million items in fiscal 2017, an eleven.four % improve. However letter mail volumes, nearly all of its income, declined by 5 billion items, or three.6 %.

Postmaster Basic and CEO Megan Brennan calls the Postal Service’s monetary state of affairs critical, however solvable.

“There’s a path to profitability and lengthy-time period monetary stability. We’re taking actions to regulate … prices and compete successfully for revenues along with legislative and regulatory reform,” she stated. “We proceed to optimize our community, improve our services, and make investments to raised service the American public.”

The Postal Service expects to ship greater than 850 million packages this vacation season, up 10 % from final yr. It says it has elevated its community capability, expanded air and floor transportation, and added package deal processing capabilities.

It is going to additionally increase service to incorporate early morning and night deliveries, and expects to ship greater than 6 million packages on Sundays within the month of December in most main cities.

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