USPS kicks off Q4 2015 with boosts in shipping revenue, employee workhours increase

The U.S. Postal Service started the Fiscal Year 2015 fourth quarter (July 1, 2015 – July 31, 2015) with an operating revenue increase of $66 million, or 1.2 percent, over the same period last year. The increase in operating revenue was driven by a 18.0 percent growth in shipping and package volume. The net income […]

USPS responds to error-riddled article by Americans for Tax Reform

USPS sets the record straight on an article by Americans for Tax Reform Your recent column “USPS Posts Half a Billion in Losses Despite Billions in Subsidies” is overtly flawed and significantly exaggerated. The entire piece is based on a competitor-funded paper fraught with errors about the financial status of the Postal Service that the […]

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

August 0, 2015 -WASHINGTON – Today, Senator Tom Carper (D-Del.), ranking member of the Homeland Security and Governmental Affairs Committee, released a statement following the announcement that the U.S. Postal Service reported a net loss of $586 million in the third quarter of fiscal year 2015: “Today’s financial report highlights the Postal Service’s best efforts […]

NALC President: After three quarters, USPS operating profit for FY 2015 stands at $1.2 billion

NALC President Fredric Rolando statement on USPS quarterly report Today’s results show the impressive Postal Service financial turnaround continuing in full force. After three quarters, the operating profit for 2015 stands at $1.2 billion, compared to $1 billion for the first three quarters of 2014. The relatively small operating loss of $197 million for the […]

USPS Reports $586 Million Net Loss in Third Quarter; Double-Digit Package Growth

Operating revenue of $16.5 billion is level with the same quarter last year Shipping and package revenue increase of 10.6 percent Productivity improvements continue, somewhat offsetting inflationary cost pressures WASHINGTON — The U.S. Postal Service reported a net loss of $586 million for the third quarter of fiscal 2015 (April 1, 2015 — June 30, […]

USPS financial results: Packages up, mail down in second quarter

In fiscal 2015’s second quarter (Jan. 1-March 31), the Postal Service’s operating revenue increased $223 million, or 1.3 percent, when compared to the same period one year earlier. The net loss was $1.5 billion compared to $1.9 billion a year ago. The operating revenue increase was driven by 14.4 percent growth in shipping and package […]

Carper: USPS financial report shows need to pass postal reform ASAP, postal roundtable scheduled May 12th

Friday, May 8, 2015 WASHINGTON – Today, Senator Tom Carper (D-Del.), ranking member of the Homeland Security and Governmental Affairs Committee, released the following reaction to the announcement that the U.S. Postal Service reported a net loss of $1.5 billion in the second quarter of fiscal year 2015: “Today’s financial report shows that despite a […]

NALC President Fredric Rolando’s statement on USPS quarterly report

From Fredric Rolando, president of the National Association of Letter Carriers “Today’s results show the impressive Postal Service financial turnaround continuing in full force. The quarter’s $313 million operating profit puts black ink for the first half of the year above $1.4 billion – surpassing all of last year’s operating profit. “Equally encouraging is what […]

USPS Reports $1.5 Billion Net Loss in Q2 – $313 million profit without Prefunding

Package Volume increased 14.4 percent over same quarter last year Mail volume decreases continued in second quarter Ongoing capital investments remain a priority May 8, 2015 WASHINGTON — The U.S. Postal Service ended the second quarter of fiscal 2015 (Jan. 1, 2015 – March 31, 2015) with an operating revenue increase of $223 million, or […]