USPS Annual Loss Narrows
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postage rate hikesCBS News
•After two "Forever" postage stamp hikes, the USPS lost nearly $10 billion in 2024
87% Informative
USPS says it lost $9.5 billion in the fiscal year ended September 30 .
Revenue rose 1.7% in the most recent fiscal year .
The postal service is in the midst of a 10-year overhaul engineered by Postmaster Louis DeJoy .
DeJoy says the agency is focused on reducing its costs, but is also dealing with "many economic, legislative and regulatory obstacles".
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