{
  "id": 19507313,
  "title": "US Postal Service reduces annual operating loss by 12.7%",
  "url": "https://urgent.news/2026/11/11/us-postal-service-reduces-annual-operating-loss-by-12-7",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-11T14:29:21.000Z",
  "source": {
    "name": "FreightWaves",
    "slug": "freightwaves",
    "url": "https://www.freightwaves.com/news/us-postal-service-reduces-annual-operating-loss-by-12-7"
  },
  "original_language": "en",
  "account": "The U.S. Postal Service reported a reduction in its annual operating loss for fiscal year 2026, decreasing from $8.0 billion to $6.5 billion, which is a 12.7% decrease. While the agency's controllable loss, excluding mandatory obligations outside management's control, fell by $344 million to $2.4 billion, officials emphasized the need for urgent reforms from Congress and the Postal Regulatory Commission. The financial results showed a 3% increase in operating revenue, reaching $83 billion, driven by higher sales in Ground Advantage, marketing mail, temporary parcel transportation surcharges, and a rise in First-class mail. However, these gains were partially offset by a decline in First-class mail and parcel volumes. Postmaster General David Steiner has prioritized increasing revenue as a key factor for achieving financial sustainability. The Postal Service introduced a permanent fuel surcharge in January to offset the rising costs of diesel truck and jet fuel, following a temporary 8% transportation fee enacted in April due to oil price increases. Despite a $2.7 billion decrease in workers' compensation and retirement expenses, transportation expenses rose by $225 million, but Postmaster General Steiner highlighted that the agency met cost goals during the period with high fuel prices. The USPS expects significant growth in shipping and package services revenue for fiscal year 2027, with a 5.1% increase due to a 5.3% decline in volume. The agency has also focused on cost reduction efforts, including streamlining networks, reducing 19 million work hours, and postponing payments to retirement funds. Officials stressed that while short-term fixes have improved the situation, long-term structural issues require significant legislative, regulatory, and administrative reforms.",
  "summary": "The U.S. Postal Service lost much less money in fiscal year 2026, but still has a long road to financial stability. The post US Postal Service reduces annual operating loss by 12.7% appeared first on FreightWaves .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}