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As of 2023, the Postal Service operates 33,641 Post Office and contract locations in the U.S., and delivered a total of 127.3 billion packages and pieces of mail to 164.9 million delivery points in fiscal year 2022. USPS delivers mail and packages Monday through Saturday as required by the Postal Service Reform Act of 2022; on Sundays only ...
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)", specifically to lift budget requirements imposed on the Service by the Postal Accountability and Enhancement Act and require it to continue six day a week delivery of mail.
The Postal Reorganization Act of 1970 was a law passed by the United States Congress that abolished the then U.S. Post Office Department, which was a part of the Cabinet, and created the U.S. Postal Service, a corporation-like independent agency authorized by the U.S. government as an official service for the delivery of mail in the United States.
The identification of a fiscal year is the calendar year in which it ends; the current fiscal year is often written as "FY24" or "FY2023-24", which began on 1 October and will end on 30 September. In 1843, the federal government changed the fiscal year from a calendar year to one starting on 1 July, [68] which lasted until 1976.
In the first quarter of fiscal 2024 alone, USPS reported a $2.1 billion net loss, more than double its $1 billion net loss during the same time period in 2023. (The USPS says it plans to break ...
The federal government uses a fiscal year from Oct. 1 to Sept. 30, so companies doing a lot of business with the government may adopt a similar fiscal calendar.
Fortunately, we've got answers on post office hours in 2024, along with whether or not other package and mail delivery services, like UPS and FedEx, will be running on Presidents Day. So, without ...
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. 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.