USPS Reports Fiscal Year 2017 Results

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 – […]

Senator Carper Statement on U.S. Postal Service Q3 Financial Losses

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 […]

APWU: USPS Third Quarter Financial Report

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 […]

Senator Carper says USPS finances will get worse in coming months

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 […]

Postal News Recap – February 16, 2015

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: […]

USPS Board Of Governors meeting on Nov. 14th open to public

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 […]

USPS finances for July shows net profit without prefunding

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), […]

CFO Joe Corbett : USPS finances improve, but challenges remain

The Postal Service boosted operating income (before Retiree Health Benefits and non-cash Workers’ Compensation expense) by $1.2 billion during the first half of the fiscal year, but it wasn’t enough to offset ongoing losses, CFO Joe Corbett says in the latest Dollars and ¢hange video. Operating income measures an organization’s profit after expenses and depreciation […]