usps finances

May 24th

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 […]

Feb 9th

Now You See It, Now You Don’t: Manufactured Crisis about USPS Finances Hides Good News

The Postal Service’s financial report for the first quarter of Fiscal Year 2014 shows the agency enjoyed an operating surplus of $765 million. But the agency’s good news was buried in most media accounts, which said the USPS suffered a loss of $354 million loss. “The USPS reported losses for the first quarter of 2014 […]