US: Amazon delivery causes USPS shipments to decline

The US Postal Service (USPS) reported a decline in package shipping for the third quarter of fiscal 2019.

According to a press release, while the agency saw an increase in total revenue for the period — US$17.1 billion, which is a boost of US$16 million — it was essentially flat compared to the same quarter last year.

There were declines in package shipment for USPS, with first-class mail revenue falling by US$98 million, or 1.6%, on a volume decline of 361 million pieces, or 2.7%, compared to the same quarter last year.

In addition, marketing mail revenue declined by US$121 million, or 3%, on a volume decline of 878 million pieces, or 4.7%, compared to last year, and periodicals revenue went down by US$38 million, or 11.2%, on a volume decline of 173 million pieces.

Total operating expenses reached US$19.3 billion for the quarter, a 4.3% increase. The net loss for the quarter totaled nearly US$2.3 billion, an increase of US$767 million, compared to a net loss of nearly US$1.5 billion for the same quarter last year.

“We continue to face imbalances in our business model that must be fixed through legislative and regulatory change,” Postmaster General and Chief Executive Officer Megan J. Brennan said in the release. “As we work to effectuate that change, we continue our ongoing aggressive management actions, and remain focused on delivering for the American public, and meeting their evolving business and residential needs. We are actively adapting to changes throughou