Looking ahead to the 2022 holiday peak season, the US Postal Service (USPS) announced the dates for the “Temporary Rate Adjustments.” This year, the higher price rates will be effective from October 2, 2022, through January 22, 2023. In addition, USPS National News states that the average delivery timeline is now steady at 2.5 days. For the quarter, overall mail volumes were down 3.4% over the same period last year (SPLY), while revenue was up 5.0%.
The USPS service performance report during the 4th quarter indicates their scores covering July 1 through August 5 are consistent.
- First-Class Mail on time: 93.1 percent.
- Marketing Mail on time: 94.2 percent.
- Periodicals on time: 86.3 percent.
One of the goals of “Delivering for America, the Postal Service’s 10-year plan” for achieving financial sustainability and service excellence is to meet or exceed 95 percent on-time service performance for all mail and shipping products. But, of course, this is once all elemental implementations of the plan. The Postal Service defines service performance as the time it takes to deliver a mailpiece or package from its acceptance into their system through its delivery, measured against published service standards.