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U.S. Postal Service Reports Second Quarter Fiscal Year 2026 Results
USPS said revenue rose as Shipping and Packages gains helped offset lower mail volumes and a smaller quarterly loss.
- The United States Postal Service reported a $2.0 billion net loss for the second quarter of 2026, narrowing from $3.3 billion last year, as operating revenue rose 2.3 percent to $20.2 billion.
- Operating expenses decreased 4.1 percent to $22.1 billion, primarily from reduced workers' compensation costs; Chief Financial Officer Luke Grossmann cautioned that "management actions alone are not enough to solve our financial predicament."
- The Postal Regulatory Commission granted a Temporary Conditional Waiver on April 9, 2026, allowing the Postal Service to redirect retirement-based funds toward operating expenses and capital investments.
- Effective April 10, 2026, the Postal Service suspended FERS contributions, conserving approximately $200 million per pay period and roughly $2.5 billion for the remainder of fiscal year 2026.
- Postmaster General David Steiner stated the organization requires "urgent Congressional action" to expand borrowing authority, asserting that internal reforms alone cannot achieve long-term financial sustainability.
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23 Articles
The Times of Northwest Indiana+22 Reposted by 22 other sources
U.S. Postal Service Reports Second Quarter Fiscal Year 2026 Results
Controllable loss decreased $206 million compared to same quarter last yearNet loss decreased $1.3 billion compared to same quarter last yearOperating revenue was $20.2 billion, a 2.3 percent increase compared to same quarter last year
·Cherokee County, United States
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Total News Sources23
Leaning Left0Leaning Right3Center9Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
C 75%
R 25%
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