The U.S. Postal Service late Thursday reported fiscal 2022 second-quarter results that included a decline in shipping and parcel volume as the pandemic-driven surge in online ordering continued to recede.
Shipping and parcel revenue came in at $7.87 billion, slightly above the same period a year ago. Volumes fell to 1.77 billion pieces from 1.866 billion due to the impact of recently implemented shipping rate increases, the Postal Service said. Volumes remain above pre-pandemic levels, the agency said.
