August 13, 2015 – On Monday, the U.S. Postal Service released its financial results for the fiscal third quarter of, and the first nine months of, 2015.
So far, things are looking good for fiscal 2015. While the Postal Service posted a small operating loss of $197 million for the third quarter, on a year-to-date basis, the agency had a $1.241 billion operating profit. This reflected a 23 percent increase in operating profit over the same time period from last year (which itself was a great year).
Shipping and package revenue, along with volume, has been nothing short of phenomenal. For the nine-month period ending June 30, 2015, and package revenue was up by 11 percent compared with the same period last year, and shipping and package volume was up by 14 percent compared with the same period last year.
For the nine-month period ending June 30, 2015, combined First-Class Mail and Standard Mail revenue was up 0.7 percent, compared with the same period last year, while volume was down 0.8 percent.
USPS’ fiscal year ends on Sept. 30. It will likely post full-year 2015 results sometime in early November. Between now and then, we should see a couple more reports posted on the Postal Regulatory Commission’s website detailing performance for the months of July and August.