US House of Representatives Passes Sweeping, Bipartisan Postal Service Overhaul Bill

[...]as outlined in its press release, the USPS announced its financial results for the first quarter of its fiscal year 2022 (Oct. 1, 2021 - Dec. 31, 2021), reporting an adjusted loss of approximately $1.3 billion for the quarter, compared to an adjusted loss of $288 million for the same quarter last year. First-Class Mail revenue increased $160 million, or 2.5%, compared to the same quarter last year, despite a volume decline of 529 million pieces, or 3.8% The revenue increase was driven by price increases, while the volume decline is reflective of the continuing migration from mail to electronic communication and transaction alternatives, which has been exacerbated by the pandemic, according to the release. [...]political and election mail revenue and volume declined approximately $400 million and 2.3 billion pieces, respectively, compared to the same quarter last year.