NALC: USPS $1.2 Billion operating profit this year

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).

NALC: USPS $1.2 Billion operating profit this 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.

via NALC

5 thoughts on “NALC: USPS $1.2 Billion operating profit this year

  1. Prefunding was to end in 2016 anyhow. Congress will never give the 50 billion, they already stole, back, because they already spent it, and gave us a worthless IOU, just like Social Security has. Social Security, they just intend to reduce your payment to what is collected( they already spent all of that $$$$ ), Our prefund $$ will never be returned, they will just DUMP us into medicare and say, they are saving us $$$ by doing it. Paying for new trucks is the next thing they will use to keep us in the poor house. I wish the Teamsters would take over the AFL-cio postal unions and get us a 30% raise like UPS drivers get. Even the 25% area wage hike for high cost of living area’s would help, funny how we are the only Federal dept. that has prefunding AND the only federal dept. not to get the area cola’s.

  2. The government cannot have ANY of its agencies turn a profit…if anyone can prove that one does my eyes will be opened but it cannot! That would force all the other agencies to do the same as the USPS would rightfully claim that it actually works…the USPS will continue to be maligned or sanctioned with policy that it could never conquer. We are the only agency that OVER PAID it’s benefits by 75 BILLION. It is ‘common sense’ time dearest fellow workers of this GREAT INSTITUTION and we have been around since this country was born over 230 years ago!! We happen to be quite AWESOME but you will never hear our handlers in Washington admit it

  3. These folks just bandy around numbers to suit their wool pull for the day . Figures don’t lie but same as always , liars figure !

  4. It is long past time to end the requirement that the Postal Service pre pays it’s health care costs! Not one other employer must do the same! Not even the Mafia pre pays their health costs. If it’s such a great idea then congress should take their own medicine! They should vote to pre fund their health costs. Such idiots.

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