NALC: USPS 3rd Quarter financial results reflect impact of stamp prices rollback

USPS reports Fiscal Year 2017 3rd quarter results The U.S. Postal Service has released a report on its financial results for the third quarter of Fiscal Year 2017, covering April 1-June 30. Here is NALC President Fredric Rolando’s statement on the report: Today’s financial report shows the underlying business strength of the U.S. Postal Service […]

USPS Reports Fiscal Year 2017 Third Quarter Results

Revenue of $16.7 billion, essentially flat compared to third quarter last year excluding prior year change in accounting estimate Urgent need remains for postal reform legislation and regulatory relief in addition to continuing management initiatives 8/10/17 WASHINGTON — The U.S. Postal Service reported revenue of $16.7 billion for the third quarter of fiscal year 2017 […]

USPS Reports $12 million operating profit for Fiscal Year 2017 Second Quarter

Operating revenue impacted by the expiration of the exigent surcharge Net loss of $562 million Urgent need to advance postal reform legislation WASHINGTON — Although the U.S. Postal Service posted modest controllable income for the second quarter of fiscal year 2017 (January 1, 2017 – March 31, 2017) of $12 million, it fell well short of […]

NALC: $12 million second quarter operating profit puts USPS in black by $533 million for FY 2017

NALC statement on USPS’ May 10 quarterly financial report On May 10, the U.S. Postal Service service released a report on its financial performance for the second quarter of Fiscal Year 2017, covering January, February and March of 2017. Here is National Association of Letter Carriers President Fredric Rolando’s statement about this report: Today’s financial […]

PRC Report Shows USPS Financial Concerns Persist Despite Improvements in Liquidity

3/31/17 Washington, DC – Today the Postal Regulatory Commission (Commission) released its Financial Analysis report, which analyzes the United States Postal Service’s Fiscal Year (FY) 2016 overall financial position. In FY 2016, the Postal Service generated an Operating Income of $610 million despite an increase in operating expenses and the expiration of the exigent surcharge […]

APWU: Postal Service Reports Fiscal Year 2016 Financial Results

11/16/2016 – According to USPS’s financial results released on Nov. 15, the Postal Service gained $610 million in operating profit in Fiscal Year (FY) 2016. Despite what the headlines say, the Postal Service has now been operating in the black for three straight years, with operating profits totaling $3.2 billion since 2013. Unfortunately, this good […]

NALC President: USPS financial report shows $610m operating profit –$3.2b since 2013

Statement from Fredric Rolando, president of the National Association of Letter Carriers, on USPS’ annual financial report: Today’s Postal Service financial report shows a $610 million operating profit for Fiscal Year 2016, demonstrating the strength of the postal turnaround. USPS now has three straight years of operating in the black, with a total operating profit […]

NALC: USPS $1.833 billion YTD operating profit

5/10/16 NALC President Fredric V. Rolando’s statement on the U.S. Postal Service’s financial report for the second quarter of Fiscal Year 2016, covering January, February and March. (Click here to jump below to a summary of press coverage.) The $576 million quarterly operating profit announced today by the Postal Service is positive news for an […]

USPS Reports FY 2016 Second Quarter Results – Operating Profit $1.8 billion without prefunding

Operating revenue grew 4.7 percent to $17.7 billion Controllable income totaled $576 million; net loss of $2.0 billion reported Postal Service revenue benefited from exigent surcharge, which expired on April 10, 2016 Legislative reform and focus on innovation and efficiency remain necessary  WASHINGTON — The U.S. Postal Service reported operating revenue of $17.7 billion for […]