The US Postal Service filed its fifth month preliminary financial report of the 2013 fiscal year (unaudited) with the Postal Regulatory Commission (PRC) . USPS reported a net operating loss of $838 million for the month of February 2013 (PDF). This same period last year saw a $1.120 billion net loss. After five months into FY 2013 USPS reports a net loss of $2.539 billion (same time last year it was $5.669 billion).
Jan 2013 $437 million loss SPLY $1.262 billion
Dec 2012 $509 million loss SPLY $1.422 billion
Nov 2012 $816 million loss SPLY $1.267 billion
Oct 2012 $61 million profit SPLY $139 million
Workhours were down 5.2% from SPLY.
I’m missing a few things?
1. The package services volume and income are down….Where’s the growth we so often hear about?
2. Package services excludes the volume and income from standard post and commercial parcel post. Where are these figures buried, why and can they be broken out to see?
Because 26K workers retired