Ich entschuldige mich für die Verzögerung.

English Translation

I apologize for the delay.

I am wondering fi there is a difference in meaning between “Verspätung” and “Verzögerung”?

“Verspätung” is when something missed the deadline and is now too late.
“Verzögerung” is when something is delayed, i.e. later than before due to an intermittent slowdown, and maybe also a speedup again, but still later than before. But not necessarily too late yet.

“verzögern” is also used in formal language for braking a vehicle.

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