USPS Posts Strong Early Holiday Delivery, Outperforming Previous Season

The United States Postal Service reported new delivery performance metrics for the 10th week of the first quarter for fiscal year 2023. For the seventh consecutive week, the average time to deliver a mailpiece or package across the postal network was 2.5 days.

FY23 first quarter service performance scores covering Oct. 1 through Dec. 9 included:
*First-Class Mail: 91.7 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 1.4 percentage points from the fiscal fourth quarter. The current data reflects a year over year increase of one percentage point compared to the same period in the FY22 peak holiday season.
*Marketing Mail: 94.1 percent of Marketing Mail delivered on time against the USPS service standard, a slight decrease of 0.7 percentage points from the fiscal fourth quarter. The current data reflects a year over year increase of 1.9 percentage points compared to the same period in the FY22 peak holiday season.
*Periodicals: 85.5 percent of Periodicals delivered on time against the USPS service standard, a decrease of 1.3 percentage points from the fiscal fourth quarter. The current data reflects a year over year increase of 3.5 percentage points compared to the same period in the FY22 peak holiday season.
more at: https://about.usps.com/newsroom/national-releases/2022/1216-usps-posts-strong-early-holiday-delivery-outperforming-previous-season.htm

Related Posts

JCPenney Restructuring Plan to Create PropCos Confirmed by Court

J. C. Penney Company, Inc. announced that the U.S. Bankruptcy Court for the Southern District of Texas has confirmed the Company’s Plan of Reorganization to create separate property holding companies comprising 160 of the Company’s real estate assets and all of its owned distribution centers, which will be owned and operated by JCPenney’s DIP and First Lien Lenders. The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. The Plan is pursuant to the Company’s asset purchase agreement with Simon Property Group and Brookfield Asset Management, Inc. and the Company’s DIP and First Lien Lenders, supported by the Unsecured Creditors Committee. The APA also provides that Simon and Brookfield are acquiring JCPenney’s retail and operating assets. The PropCos and OpCo will enter into master leases with respect to the properties and distribution centers moved into the PropCos.

Shout-Outs to Publishers Giving Back to Their Communities (foliomag.com)

Hearst - Steven Swartz has issued two statements pledging his company’s commitment to supporting “a fairer and more just society,” which he stated was “a core principle” of the company. In his second memo, he also announced the company’s fundraising initiative to support the NAACP Legal Defense and Educational Fund and Equal Justice Initiative. In addition to already donating $500,000, the company is pledging to match up to another $500,000 from employee donations. Reader’s Digest Foundation - The Reader’s Digest Foundation is committing $2 million to United Through Reading, a nonprofit organization dedicated to connecting military families with the experience of shared storytimes. Seeker - Group Nine Media’s science publication is releasing a free educational offering for home education, “Seeker Learning.” In addition to offering access to its library of content, Seeker will open up a dialogue between the brand, teachers and parents looking for specific content.

E-commerce sales jumped nearly 40% in second quarter, says U.S. Census Bureau (chainstoreage.com)

Consumers spent $211.5 billion online during the second quarter of 2020, with e-commerce sales up 31.8% from the previous quarter, according to figures released by the Census Bureau of the Department of Commerce. E-commerce sales in the quarter accounted for 16.1% of total retail sales. The data showed that total retail sales decreased 3.6% in the same period. Compared to the year-ago period, second quarter 2020 e-commerce sales increased increased 44.5% while total retail sales decreased 3.6%.
Back To Top
×Close search
Search