Overall volume decline of 3.2 billion pieces Net loss of $3.9 billion Urgent need to advance legislative and regulatory reforms, along with continued aggressive postal management actions to generate new revenue and control costs WASHINGTON – The U.S. Postal Service reported operating revenue of $70.6 billion for fiscal year 2018 (October 1, 2017 – September 30, 2018), […]
Volume for primary source of revenue – letter mail – declines by 5.0 billion pieces Continued aggressive management actions along with postal reform legislation & regulatory changes critically needed to address declining volumes and changing mail mix WASHINGTON — The U.S. Postal Service reported revenue of $69.6 billion for fiscal year 2017 (October 1, 2016 – […]
Aug 09 2016 Senator Carper Statement on U.S. Postal Service Financial Losses WASHINGTON – Today, U.S. Senator Tom Carper (D-Del.), top Democrat on the Senate Homeland Security and Governmental Affairs Committee, released the following statement in response to the announcement that the U.S. Postal Service (USPS) reported a net loss of $1.6 billion in the third […]
Here is a statement from NALC President Fredric Rolando: Today’s quarterly report puts the year-to-date operating profit of the Postal Service at $1.3 billion, demonstrating the overall strength of the postal turnaround. Operating profits for each of the past two years have exceeded $1 billion, and the Postal Service is now into its fourth straight […]
8/10/2016 – According to financial results released on Aug. 9, the Postal Service has earned $1.3 billion in operating profit so far this year, making this the fourth straight year the USPS is operating in the black. Operating profits in 2015 and 2014 also totaled more than $1 billion each. The year-to-date operating profit has […]
2/9/16 WASHINGTON – Today, Senator Tom Carper (D-Del.) ranking member of the Homeland Security and Governmental Affairs Committee, released the following statement in response to the U.S. Postal Service’s announcement of $307 million in net income for the first quarter of fiscal year 2016: “As expected, last quarter’s numbers reflect continued growth in package delivery […]
USPS financial statement for the month of November (2nd month of the FY 2016) continues to show a financial loss ($185 million) with the PAEA required pre-funding for retirees health benefits and a profit without. USPS reports a year to date profit of $800 million after two months of the FY 2016. Total mail volume […]
Postal News Recap OIG White Paper: USPS financial condition, higher postage rates due to prefunding In the past 8 years, the Postal Service’s financial condition has significantly worsened from making large prefunding payments for retiree health care. Postal Service customers were charged for increased postage, in part, because of these prefunding requirements. Video: Misstep or policy: […]
WASHINGTON — The Board of Governors of the U.S. Postal Service will meet Nov. 14 in open session at Postal Service headquarters, 475 L’Enfant Plaza, SW, Washington, DC. The public is welcome to observe the meeting beginning at 8:30 a.m. in the Ben Franklin Room on the 11th floor. The Board is expected to discuss […]
The data on this page represents preliminary financial information for the month of July 2014 required by the Postal Regulatory Commission to be reported on a monthly basis. This data has not been subjected to all closing procedures and reviews required to present interim quarterly financial statements in accordance with generally accepted accounting principles (GAAP), […]