Feb. 7, 2014—Today, the U.S. Postal Service released its financial report for the first quarter of Fiscal Year 2014, which covers the last three months of 2013.
Here is NALC President Fredric Rolando’s statement about today’s report:
Today’s Postal Service figures for the first quarter of 2014 are highly encouraging and show why the postal network must be maintained and strengthened, not degraded.
The announced operating profit of $765 million for the first quarter is dramatic in itself—and it continues the operating profitability that began last year.
The Postal Service’s unmatched networks and outstanding employees have made these striking results possible. And these trends augur well for the future, because they reflect the opportunities increasingly presented by the Internet and by an improving economy. Package revenues resulting from online shopping rose by more than 14 percent this quarter—more than offsetting the small decline in letter revenue.
This quarter’s $765 million operating profit compares with the $100 million from the first quarter of 2013—another sign of improving postal finances.
In light of these results, lawmakers should strengthen the postal network while addressing the remaining problem: the congressional mandate to pre-fund future retiree benefits, required of no other public or private entity in the country. Degrading the network and reducing services to the public and businesses would jeopardize the postal turnaround.
Unions run the Postal Service better, are you crazy…..The unions steal people’s money….The way we are going is not the right course…The unions will be the reason we go out of business…Slow and slower is not the right way to work…And all the union slugs know how to run a business….NOGJR you are smoking crack and that is the most ridclious statement I have ever heard…All the union wants is high numbers so they get more money…They make something out of nothing to look lke they are doing something…Rolando is a disgrace….5 day here we come…
They need to just turn this whole thing over to the union leadership. The Unions could run the operations MUCH better then the management stooges currently in charge. And for all of you anti-union clowns, the unions would run it well because it would be in our best interests to do so. Bonuses would not be based on unrealistic expectations as they currently are, and the people who actually do the job of moving the mail would be in charge of how it was done, not some bookworm with a college degree who knows nothing about mail service that is not entered on some spreadsheet or data matrix created only to justify some management job.