The U.S. Postal Service Lost $9.5 BILLION in the 2024 Fiscal Year Despite Raising Stamp Prices

No one uses USPS anymore, not if you want your letter or parcel to get to its destination. The USPS is an election fraud agency funded by the Democrat party of treason.

The USPS should be relegated to the dustbin of history, it is an ancient relic of a bygone, pre-technological era. Instead the Democrat regime revolutionized it into the illegal election arm of the party of treason.

Everything the Democrat government touches turns into a money sucking nightmare.

USPS Incurs $9.5 Billion Loss Despite Raising Stamp Prices

The ‘unsustainable’ stamp price increases have had ‘disastrous effects’ on the postal organization, said a group of senators.

By: The Epoch Times, November 14, 2024;

USPS Incurs $9.5 Billion Loss Despite Raising Stamp Prices

The U.S. Postal Service (USPS) incurred a significant increase in its losses this fiscal year, as revenues jumped but volumes dipped.
Net loss for 2024 fiscal totaled $9.5 billion, up from $6.5 billion last year, said a Nov. 14 statement from the agency reflecting its earnings. The $3 billion increase in losses occurred at the same time the agency had a slight revenue increase from $78.18 billion to $79.53 billion. The revenue uptick was not supported by an increase in mail volume, which fell from 116 billion units to 112 billion units.
According to the USPS Office of the Inspector General, the postal agency “relies almost entirely on the revenue generated from postage” to cover the costs of delivering mail.
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The jump in net loss occurred despite an increase in postal rates by the agency. This increase, implemented in January and July, was done in accordance with the 2021 Delivering for America (DFA) plan that calls for such annual hikes.

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