USPS Fiscal Year 2015 Integrated Financial Plan (excerpts) The FY2015 IFP projects controllable income of $0.5 billion (as shown on the table to the right), versus a controllable income of $1.4 billion in FY2014. Controllable income excludes retiree health benefits (RHB) pre-funding and non-cash adjustments to workers’ compensation. All revenue and controllable income comparisons to […]
What: Telephone/Web conference on U.S. Postal Service FY 2014 end of year financial results Who: Postmaster General and CEO Patrick Donahoe CFO and Executive Vice President Joseph Corbett When: Fri., Nov. 14, 2014 11 a.m. ET Background: The call is open to the news media and all other interested parties. How to Participate Important Notice: […]
WASHINGTON — The Board of Governors of the U.S. Postal Service will meet Nov. 14 in open session at Postal Service headquarters, 475 L’Enfant Plaza, SW, Washington, DC. The public is welcome to observe the meeting beginning at 8:30 a.m. in the Ben Franklin Room on the 11th floor. The Board is expected to discuss […]
08/11/2014 – USPS management is doing its best to keep the good news quiet, but facts are facts. According to reports released by the USPS on Aug. 11, as of June 30, three-quarters of the way through Fiscal Year 2014: Operating income was up by about $1 billion over the previous year; Revenue increased 2.1 […]
Default on federal payments looming U.S. Postal Service Loss Widens in Second Quarter WASHINGTON — The U.S. Postal Service ended the second quarter of this fiscal year (Jan. 1 – March 31, 2011) with a net loss of $2.2 billion, compared to a net loss of $1.6 billion for the same period in FY 2010. […]
The US Postal Service yesterday filed its first month of the 2011 fiscal year (unaudited) preliminary financial report with the Postal Regulatory Commission. USPS reported a net profit of $283 million. This same period last year saw a $221 million net loss. Total Mail Services Volume was up 5.0%, revenue down 1.7% Total Shipping Services […]
The US Postal Service today filed its August 2010 (unaudited) preliminary financial report with the Postal Regulatory Commission. USPS reported a net income/loss of $1.6 billion. The total Fiscal Year to Date loss is $7.7 billion (July, $764 Million; June, $2.5 Billion; May, $642;$382 lost for April; $381 lost for month of March; $611 Million […]
The US Postal Service today filed its July 2010 (unaudited) preliminary financial report with the Postal Regulatory Commission. USPS reported a net income/loss of $764 million. The total Fiscal Year to Date loss is $6.1 billion (June, $2.5 Billion; May $642;$382 lost for April; $381 lost for month of March; $611 Million lost in February; […]
Aug. 5 (Bloomberg) — The U.S. Postal Service, which has predicted it may lose $7 billion this year, posted a loss of $3.5 billion in its fiscal third quarter alone. The net loss in the quarter ended June 30 widened from a year-earlier $2.4 billion, the agency said today in Washington. An $800 million adjustment to […]
The US Postal Service filed its February 2010 (unaudited) preliminary financial report yesterday with the Postal Regulatory Commission. USPS reported a net income/ loss of $611 million. The total Fiscal Year to year loss is $1.5 billion ($592 million lost for the month of January, $179 Million gain the month of December; $255 million lost […]