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 $382 million. The total Fiscal Year to year loss is $2.3 billion ($592 million lost for the month of January, $179 Million gain the month of December; $255 million lost […]
WASHINGTON — The U.S. Postal Service will post a net loss of $1.9 billion on declining volumes of 88.1 billion pieces of mail for the six months ended March 31, 2010, further evidence that the Postal Service continues to face incredible challenges, Postmaster General John Potter said today. Potter reinforced the need for legislative and […]
The U.S. Postal Service, which has said it may lose $7 billion this year, narrowed its fiscal second quarter loss to $1.6 billion. The net loss in the quarter ended March 31 shrank from $1.9 billion a year earlier, the agency said today in Washington. Mail volume dropped 6.3 percent in the past six months, […]
From Postcom.org: PRC Chair Ruth Goldway today told attendees of the IDEAlliance Print Distribution conference that the Postal Service’s proclamation that it will lose $238 billion over the next 10 years if nothing changes is an “unsubstantiated figure with no connection to reality.” Goldway said the USPS is presenting dire forecasts to scare Congress into […]
Canada Post Corporation tabled its 2009 annual report today in Parliament, reporting a profit for the15th consecutive year. The Corporation recorded consolidated net income of $281 million on revenue of $7.3 billion, and reported an operating margin of 4.9 per cent. The profit in 2009 does not truly reflect the underlying weakness in Canada Post […]
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 […]
The US Postal Service filed its January 2010 (unaudited) preliminary financial report today with the Postal Regulatory Commission. USPS reported a net income/ loss of $592 million. The total Fiscal Year to year loss is $887 million ($255 million for lost for November and $179 Million gain the month of December) . Mail volume was […]
WASHINGTON—The U.S. Postal Service (USPS) ended the first quarter of this fiscal year (Oct. 1 to Dec. 31, 2009) with a net loss of $297 million, while posting continued high scores in quarterly delivery performance. “In spite of the financial challenges we face today, Postal Service employees never lose sight that customer service is our […]