USPS FIRST-CLASS MAIL SERVICE PERFORMANCE AMONG THE WORST WE’VE SEEN THIS YEAR
Service continued to deteriorate among most letter and flat mail. Only 84.4% of First-Class letters were delivered on time – the worst number we’ve seen since December 20, 2021. First-Class flats were worse, with less than 70% delivered on time. On a positive note, even though there were more FCM flats delivered late this year versus 2021, there were much fewer flats more than 4 days late. Last year, nearly 7% of FCM flats were more than 4 days late – this year that is down to 2.28%. So, more mail is slow, but not as much is very late. That’s good news.
Marketing Mail continues to lumber along with average on-time scores. The essential intra-SCF measure remained better than 2022 YTD averages, which is important.
The performance we are seeing is within expectations – it is that time of year. Our crystal ball predicts continued weakness for two more weeks, and improvement after the holidays. There are no signs of the bottom dropping out.