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”?

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“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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