US Postal Service reduces annual operating loss by 12.7%

The U.S. Postal Service reduced its annual loss in fiscal year 2026 to $6.5 billion, down $2.5 billion from last year, but officials called again on Congress and the Postal Regulatory Commission for urgent reforms because its own measures to cut costs and generate more revenue aren’t enough to resolve an ongoing financial crisis.

The national mail carrier said its controllable loss, which excludes mandated obligations outside management’s control, decreased by $344 million to $2.4 billion, according to financial results released on Tuesday.

Operating revenue increased 3% to $83 billion driven by expansion in Ground Advantage, the organization’s economy parcel shipping product with two-to-five day service standards, strength in the marketing mail category, temporary parcel transportation surcharges, and a hike in First-class mail. The increases were partially offset by declining volume in First-class mail and parcels.

One of Postmaster General David Steiner’s top priorities since taking the helm 18 months ago is raising revenue, which he says is a key component to achieving financial sustainability.

This story was originally published by FreightWaves. Read the full story at FreightWaves →