For 15th Consecutive Week, More than 93 Percent First-Class Mail Delivered On-Time

The United States Postal Service reported new delivery performance metrics for the first week of the fiscal fourth quarter. The latest numbers show First-Class Mail performance exceeded 93 percent on-time delivery for the 15th consecutive week. For the first week of FY2022 Q4, the average time for the Postal Service to deliver a mailpiece or package across the nation was 2.5 days.

FY2022 fourth quarter service performance scores covering July 1 through July 8 included:
*First-Class Mail: 94.0 percent of First-Class Mail delivered on time against the USPS service standard, an increase of .5 percentage points with performance from the fiscal third quarter.
*Marketing Mail: 93.2 percent of Marketing Mail delivered on time against the USPS service standard, a decrease of 1.4 percentage points from the fiscal third quarter.
*Periodicals: 86.9 percent of Periodicals delivered on time against the USPS service standard, an improvement of .5 percentage point from the fiscal third quarter.
https://about.usps.com/newsroom/national-releases/2022/0714-for-15th-consecutive-week-more-than-93-percent-first-class-mail-delivered-on-time.htm

Related Posts

Merger Agreement Terminated: A Memo from Jonathan Karp

Dear Colleagues, I am writing today because, as you may have heard, Paramount has terminated its agreement to sell Simon & Schuster to Penguin Random House, and there will be no appeal of Judge Florence Pan’s decision to block the merger of the two companies. This news is still fresh, and at this point I have no specific information to impart about what will happen in the coming months. You may read or hear rumors and speculation about our future, but you can be assured that I will keep you informed as soon as there is pertinent news I can share. I am grateful for your patience and dedication to our mission during all that has transpired over these many months since the sale began. Ultimately, what matters the most is the work we do together, on behalf of our authors and our books. Over the past three years, we have reached new heights of accomplishment. Simon & Schuster has never been more profitable and valuable than it is today. And that is because of the effort, ingenuity, and perseverance that you bring to our endeavors.

Torstar teams with Golf Town to purchase SCOREGolf brand

Torstar Corporation announced today it has joined with Golf Town Limited to create a new partnership to acquire SCOREGolf Magazine, including all SCOREGolf content and related assets. SCOREGolf, which started in 1980, is a Canadian media brand that includes SCOREGolf Magazine, the largest circulated golf publication in Canada, as well as SCOREGolf.com, television and video content production, and the ranking of Canada’s Top 59 public golf courses and Top 100 golf courses.

Chico’s FAS, Inc. Announces Enhanced Financial Stability

Chico's FAS, Inc. announced the closing of its amended and extended $300 million Senior Secured Credit Facility (the "Credit Facility"), consisting of a $285 million asset-based revolving credit agreement ("Revolver") and a $15 million "first-in last-out" term loan ("FILO"), with Wells Fargo & Company as the lead lender. The Revolver and FILO have a five-year term maturing on October 30, 2025. "We are pleased to announce that the Company has significantly strengthened our liquidity and enhanced our financial stability for the foreseeable future. As well, this new Credit Facility demonstrates the confidence our lenders have in Chico's FAS and the sustainable, long-term success of our brands," said Molly Langenstein, Chief Executive Officer and President. "We also are continuing to benefit from the aggressive measures we initiated earlier this year to streamline the organization and reduce operating and occupancy costs. These substantial ongoing cost savings initiatives are expected to benefit future years and reflect a cultural shift in how we manage our business."
Back To Top
×Close search
Search