In the first quarter of FY2016, USPS reported an operating profit of $1.3 billion. (Sources: 2014, 2015, 2016.)
2/9/16 NALC President Fredric Rolando issued a statement following the U.S. Postal Service’s release today of its financial report for the first quarter of Fiscal Year 2016, covering October through December of 2015:
The $1.3 billion quarterly operating profit announced today by the Postal Service is positive news that augurs well for the future. The continuing financial upswing shows the importance of maintaining and strengthening the unparalleled—and profitable—postal network, which offers Americans the world’s most affordable delivery services.
This impressive performance at the start of Fiscal Year 2016 builds on back-to-back years of operating profits each exceeding $1 billion, without a dime of taxpayer money.
USPS Reports $1.3 billion Profit for Fiscal Year 2016 First Quarter
Package volume has rapidly grown, driven by a surge in e-commerce and bolstering USPS’ operating results. (Sources: 2014, 2015, 2016.)
These results aren’t a fluke. They stem from two structural factors: An improving economy has helped stabilize letter revenue, and Internet-driven online shopping has sent package volume sharply upward—up 16.2 percent over the first quarter of last year.
Today’s good news is consistent with—and reinforces—the emerging consensus among key lawmakers, the Postal Service, postal unions, businesses, mailers and industry groups to move forward with practical reform that all stakeholders can buy into. Such reform should include stabilizing rates as well as addressing the pre-funding mandate that is responsible for the red ink that’s been reported in previous quarters.
USPS reported an operating profit of $1.3 billion.(Sources: 2014, 2015, 2016.)
Package volume (Sources: 2014, 2015, 2016.)
source: NALC
Yep Rolando is in it for himself. He forgot to mention that the 1st quarter is during the Christmas season so we always make $. Continue to spin this crap anyway you can Rolando to insure yourself more members and more dues. The sooner we get rid of him the better
please inform me fully, and other major offices I can contact.
Please inform me fully about a eight-hour service window five days a week, 52 weeks a year at Courthouse Station, Danville, Virginia, and a brand-new USPS six-day-a week facility physically near brand-new Wal-mart in Danville, Virginia.
How about improving working conditions for letter carriers. Right Mr. Rolando? The post office is making money right now right. The carriers are still working harder than ever and getting harassed to skip lunches. My view point is time for the NALC to disband and for you Mr.Rolando to leave office, and bring a real Union like the teamster that really know how to defend and improve working conditions for letter carriers.
I seriously doubt rolando is worried about us letter carriers. He’s in it strictly for himself