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The 2020 United States Postal Service crisis was a series of events that caused backlogs and delays in the delivery of mail by the United States Postal Service (USPS). The crisis stems primarily from changes implemented by Postmaster General Louis DeJoy shortly after taking office in June 2020.
In fiscal year 2022, the Postal Service had $78.81 billion in revenue and expenses of $79.74 billion. Due to one-time appropriations authorized by the Postal Service Reform Act of 2022, the agency reported a net income of $56.04 billion. [50] In the 2023 fiscal, revenue had increased to $79.32 billion, but reported a net loss of $6.48 billion. [4]
The Postal Service Reform Act of 2022 is a federal statute intended to address "the finances and operations of the U.S. Postal Service (USPS)", [1] specifically to lift budget requirements imposed on the Service by the Postal Accountability and Enhancement Act [2] and require it to continue six-day-a-week delivery of mail.
The U.S. Postal Service had a lot to contend with this year between a pandemic, an election that relied heavily on mail-in ballots and a change in leadership that resulted in some questionable ...
With heightened scrutiny of its operations, the Postal Service is now requesting a temporary preelection rate increase, from mid-October through Christmas, although not for first-class letters.
Between 2007 and 2016, the USPS lost $62.4 billion; the inspector general of the USPS estimated that $54.8 billion of that (87%) was due to prefunding retiree benefits. [13] By the end of 2019, the USPS had $160.9 billion in debt, due to growth of the Internet, the Great Recession, and prepaying for employee benefits as stipulated in PAEA. [14]
Union members voted to reject a proposed contract with the U.S. Postal Service by a significant margin. ... UPS said in October 2024 that new delivery drivers start at $23 per hour and can reach ...
The first USPS Building Bridges Special Postal Cancellations was issued on May 29, 1996 [3] in partnership with Dan DiMiglio, the USPS Manager of the Pacific Area, Corporate relations, at a special ceremony unveiling the Breast cancer research stamp in Contra Costa County. 60 Representatives from non-profit organizations and coalitions were present in a special presentation with live music and ...