PMG Louis DeJoy Warns of Inflation Impact

  PMG Louis DeJoy Warns of Inflation Impact

"..."Inflation is significantly higher than we forecasted in the plan. I think we're going to incur $1.8 billion more this year in unplanned inflation," DeJoy said. In the year ending Sept. 30, USPS reported a net loss of $4.9 billion on revenue of $77.1 billion and $82 billion in expenses. USPS is expected to offer more details on the inflation impacts when it reports financial results on May 5. Earlier this month, USPS filed notice with the Postal Regulatory Commission to raise prices..."

Reference: usnews.com