Revenue growth fueled by growing package business Decline in letter mail continues – primary source of revenue Return to financial stability requires continued management actions combined with urgently needed legislative and regulatory changes WASHINGTON — The U.S. Postal Service reported total revenue of $17.5 billion for the second quarter of 2018 (January 1, 2018 – March 31, […]
Net loss of $5.6 billion, driven by mandated retiree health benefits expenses Controllable income of $610 million Continued double-digit growth in revenue and volume in the Shipping and Packages business Enactment of postal reform legislation remains urgently needed 11/15/2016 WASHINGTON – After accounting for a $5.8 billion retiree health benefit prefunding obligation, the U.S. Postal […]
WASHINGTON, Dec. 4 – Warning that the future of the U.S. Postal Service is at stake, Sen. Bernie Sanders (I-Vt.) today called on managers of the mail system to back off plans to slow deliveries and eliminate as many as 15,000 jobs. Despite big increases in revenue, Postal Service managers are forging ahead with a […]
Nov. 25, 2014: The Postal Service’s financial results for October 2014—the first month of Fiscal Year 2015—were posted on the Postal Regulatory Commission’s website last night. For October 2014, the Postal Service reported $633 million in operating income. This reflects a more than two-fold increase from the $274 million operating income reported in the same […]
Postal Service Revenue Rises as Service Cuts Loom BURLINGTON, Vt., Nov. 14 – Calling on the Postal Service to avert damaging service cuts and job losses, U.S. Sen. Bernie Sanders (I-Vt.) pointed to a new report today [added by pr] that revenue for the mail delivery service rose by $569 million during the fiscal year […]
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: […]