Postal, Paper and Logistics Update November 2023

This document is a Postal, Paper and Logistics Update for November 2023. It outlines the current state of the USPS and the challenges faced by the paper and logistics industries. The USPS reported a significant loss of $6.5 billion for fiscal year 2023, which is higher than its initial break-even goal. The report details revenue changes across various mail categories, noting that Marketing Mail experienced the steepest decline in volume. The USPS attributes this decrease to the shift towards digital advertising and economic pressures affecting print media production costs. Additionally, the document discusses the USPS's plans to manage costs and improve financial results, including reducing work hours and projecting a loss of $6.2 billion for fiscal year 2024. The paper market is also addressed, highlighting challenges from rising labor and energy costs, as well as recent mill closures. The logistics market remains stable, with no significant concerns reported.